BBB warns of another Target security scam - Fox 28: South Bend, Elkhart IN News, Weather, Sports

BBB warns of another Target security scam

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If you've shopped at Target this holiday season, you're going to want to check your bank statements... FAST! The retail chain says nearly 40 million credit card accounts may have been compromised, but after catching up with the Better Business Bureau, that's not all they are worried about.

When we swipe our credit cards, it doesn't dawn on you that you're taking a risk every time. The risk of having your information compromised. The magnetic strips on the back of your cards contain a lot of information that when stolen, could leave you in a financial world of hurt.

Target confirms it's investigating a security breach that could have affected nearly 40 million shoppers, especially if you used a credit or debit card at the retail giant between November 27th and December 15th.

The chain won't say how the breach happened, but Target says it's been fixed. In an announcement on Friday, Target cleared up some of the major concerns that many customers have expressed following the breach.  They say:

At this time, there is no indication that there has been any impact to PIN numbers. What this means is their bank PIN debit card or Target debit card still has this additional layer of protection. It also means that someone cannot visit an ATM with a fraudulent card and withdraw cash.

We have no indication that the data that was inappropriately accessed included a guest' date of birth or social security number.

The CVV data that may have been impacted was data in the magnetic strip and NOT the three or four-digit code visible on the card that guests use that would allow someone to make an online purchase.

In addition, we have already alerted all of the networks (Visa, MasterCard, Discover and American Express) and provided the affected card numbers of guests who may have been impacted. The networks, in turn, are providing the affected card numbers to the financial institutions of our guests via a "batch" or "CAMS alert." This alert process allows card providers to take steps to enact additional fraud monitoring.  For our REDcard holders, in addition to the robust fraud monitoring system we already had in place, we have added additional layers of security and fraud monitoring to their cards.

But now, the Better Business Bureau of Northern Indiana CEO Greg Smitley worries about what may happen next. "Concern we have from the Better Business Bureau perspective is all those unsuspecting people that might fall prey to these phishing scams," he says.

The BBB says scammers will likely take the opportunity to send fraudulent emails. They'll even try to pretend to be from Target or your credit card company, trying to convince you they can help fix the problem.

But to do so, they'll ask you to hand over you bank account numbers, passwords, and credit card numbers. The BBB says don't fall for it. "Fear and confusion are scammers biggest weapons to do the unfortunate things that they like to do," says Smitley.

The Better Business Bureau says instead of responding to emails, take ownership yourself. Look out for fraudulent charges on your statements, and if you see them, call your bank and Target right away.

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