62°F
Sponsored by

Fraudulent Charges on Your Credit/Debit Cards When Shopping at Target

With less than a week until Christmas, many people are out and about shopping for gifts. If you made a stop at Target this month, be on the lookout for fraudulent charges on your credit and debit cards.
"It sounds like the actual payment software was hacked with a piece of malware or some other kind of security breach in the actual credit card processing itself." - William McGeveran
With less than a week until Christmas, many people are out and about shopping for gifts.  If you made a stop at Target this month, be on the lookout for fraudulent charges on your credit and debit cards.

The retailer says up to 40 million card accounts may have been affected by a data breach.  The US Secret Service has launched an investigation into this.

Your personal credit and debit card information might now be in the hands of thieves.  Professor William McGeveran says, "Based on the information we're hearing here, it sounds like the actual payment software was hacked with a piece of malware or some other kind of security breach in the actual credit card processing itself.  That's not very common."

The alleged security breach began on the day after Thanksgiving running up until December 15th.  Officials say somehow hackers obtained information stored on the magnetic stripe on the backs on cards.

With almost 1,800 Target stores across the country, some 40,000 credit card devices at registers are at risk.

Experts say the stolen data can be used to create counterfeit credit cards.  If pin numbers were intercepted, they could also create bank cards and withdraw cash from ATM machines. 

Officials say the breach has only taken place inside the actual stores and it does not appear to involve online purchases.

Page: [[$index + 1]]
comments powered by Disqus
Got a news tip to share with us? Call us at (260) 408-WFFT or e-mail the newsroom at news@wfft.com.