Target's Breach


It was the biggest shopping season of the year; and it might cost you a lot more than you think.

Target says from thanksgiving to December 15th at least 40 million customer credit and debit accounts could have been compromised. That makes it the second largest credit card breach in the country's history. Target says anyone who used their cards between that time in U.S. stores may have had their names, card numbers, expiration dates and security codes stolen. The theft did not affect any purchases made online.

The company says it immediately notified authorities and is working with a third party to investigate and prevent future breaches. It says customers should monitor their bank statements carefully and report any suspicious charges.

Some customers are already seeing fraudulent activity and at least three class action lawsuits have been filed as state attorneys general demand to know how this could have happened. Topping it all off; since, the announcement foot traffic has dropped three percent. This could make next year's holiday season a lot less merry for the Minneapolis based company.