Consumer Fraud

Number of customers affected by Target data breach nearly doubles to 70 million

Target 435x309 Number of customers affected by Target data breach nearly doubles to 70 millionTarget’s 14-day holiday data breach has now risen to new heights after further details have emerged about the amount of customer information compromised. What was initially believed to have been approximately 40 million customer accounts whose credit and debit card data was stolen has now risen to a startling figure around 70 million, according to Target’s latest press release.

Target is known as the second-largest discount retailer in the United States. Customers who shopped at Target in the U.S. between the dates of Nov. 27 and Dec. 15 are affected by the recent cyber-heist.

Information such as customers’ names, card numbers, PIN data and three-digit security codes are reported to have been stolen by the cyber attackers. Target also has admitted that not only was customers’ credit and debit card information stolen, but customers’ mailing addresses, phone numbers and email addresses were affected during the data breach.

Since the announcement of the data breach, Target has suffered a significant loss in sales.

Free credit monitoring and identity theft protection has been offered by Target to its afflicted customers.

Beasley Allen Law Firm has filed two lawsuits related to the data breach, one on behalf of customers whose information was compromised, and one on behalf of financial institutions who are dealing with losses related to their customers’ accounts, including closing accounts and reissuing credit and debit cards.

Source:
Business Insider