The latest breach of database of customers' credit and debit cards at Target has once more brought to the fore the issue of identity theft and how its affects almost all Americans. Many of us shop or know someone that have shopped at Target, the second largest retailer in the United States. But none of us thought our credit and finance could be exposed by shopping at this retailer. This breach is the largest one ever in the United States. Over 40 million credit and debit cards were stolen.
Though, Target has issued a statement that it would cover the liability that customers may face i.e lost of money on credit or debit card and has also made and arrangement with banks on how to watch out for fraudulent charges. Further more, I believe they are also working to provide credit monitoring to those customers whose data were stolen. The reputable and effective credit monitoring service in the country, Life Luck, might be part of those companies that Target are using for this purpose. Do more research or call Target to get more information about this free service.
Today, Congress is holding a hearing into our this breach of data could have happened. Both the big banks and Target attended this hearing where they laid the blame at each others' footstep.