Millions Affected by Stolen Credit Card Data Reported by Target and Neiman Marcus

By Shirley Hawkins

 

The Target retail store released a statement on Friday which said that up to 70 million customers had their personal credit card information stolen.

 

Investigators reported that the names, mailing addresses, phone numbers or email addresses of these individuals were stolen between Nov. 27 and Dec. 15. The data is uploaded on black market websites where the stolen credit card data is sold.

 

Target faces multiple class-action lawsuits over the hack.

 

The retailer announced in December that around as many as 40 million customers were affected, and that credit and debit card numbers and encrypted PIN data were stolen.

 

The U. S. Secret Service and the Department of Justice are investigating the breach.

 

Greg Steinhafel, chairman, president and chief executive officer of Target, said that guests will have zero liability for the cost of any fraudulent charges arising from the breach.  “To provide further peace of mind, Target is offering one year of fee credit monitoring and identity theft protection to all guests who shopped our U. S. stores.  Guests will have three months to enroll in the program.  Additional details will be shared next week.”  Target customers were urged to go to target.co/databreach for information.

 

Target is not the only retailer hit by hackers. Neiman Marcus announced that it has also fallen victim to data thieves.

 

In a statement released Saturday, the upscale retailer said, “Neiman Marcus was informed by our credit card processor in mid-December of potentially unauthorized payment card activity that occurred following customer purchases at our Neiman Marcus Group stores.”

 

“We are taking steps, where possible, to notify customer whose cards were used fraudulently after purchasing at our stores,” the retailer tweeted.

 

It is estimated that both Target and Neiman Marcus were hacked about the same time.

 

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