Are you using cash more often now than you did before because of the data breaches?
By Mitch Lipka
(Reuters) – Among the millions of consumers who received recent emails from Target Corp apologizing that their personal data might have been accessed by cyber thieves are those who wonder exactly how they got on the list in the first place.
If you didn’t give Target your email address, how did they know it?
Target is renowned in the retail world for its data collection and analysis, grabbing bits and pieces wherever it can – from your store purchases to visits to its website to surveys you’ve taken to things you’ve posted on Facebook. It all goes into Target’s customer relationship management database for analysis.
Jan 15 (Reuters) – As more cyber thieves steal personal and
financial information, can you insulate yourself from the risk
of having your money and identity stolen by giving up credit and
Many consumers are rethinking their use of plastic after a
massive cyber attack on retailers such as Target Corp
and Neiman Marcus. For most Americans, living without credit and
debit cards seems inconceivable. But Brie Hoffman has tried it,
and mostly succeeded over the past six years.
By Mitch Lipka
(Reuters) – Americans run into big problems when they travel outside the country because their credit cards are not high-tech enough and because some issuers charge high fees for foreign transactions.
In the wake of a large data breach at retailer Target Corp, you’re going to be hearing more and more about embedded chip technology used overseas, along with personal identification numbers for credit cards.
Jan 14 (Reuters) – In the wake of a massive data breach that
affected up to 100 million shoppers over the holidays, Target
Corp has offered all of its customers – whether or not
they were directly affected – a year of free credit monitoring.
Is it an offer you should take?
Here are some questions and answers about what this sort of
protection does – and does not – do and what you should keep in
mind if you do sign up.