Posted on Thursday, December 26, 2013
**UPDATE: Target Corp said a massive payment card data breach that occurred during the first three weeks of the holiday shopping season affected up to 70 million people, far more than previously estimated. Target said an ongoing forensic investigation showed that certain customer information in addition to payment card data was stolen during the data breach. The investigation showed that the stolen information included names, mailing addresses, phone numbers and email addresses.**
You may have recently seen news accounts to the effect that Target, the nationwide retailer, suffered a security breach of payment card data. Early indications are that approximately 40 million credit and debit cards may have been compromised from November 27 to December 15, 2013. The compromised data originated from the magnetic strip on the back of the card including:
- Card Number
- Cardholder Name
- Expiration Date
- Three Digit Security Code
It is important to note that this breach took place at Target and involved data that resides in their system. As such, the data was compromised through no fault of the cardholder or BSB. Stolen data of this type is typically used to initiate fraudulent transactions over the internet or by manufacturing counterfeit cards intended to be used at the point of sale. Current information indicates that debit PIN numbers were not part of the compromise. We emphasize that this is the preliminary information.
If you used your BSB Debit Card at Target between November 27, 2013 and December 15, 2013, your card data may be at risk. Therefore, we suggest that you call Bippus State Bank to re-order a new card at no cost to you. Your options include:
- You can close the card immediately and we will re-order a new card that will arrive in about 7-10 business days.
- You can re-order a new card, and we can leave the old card open until the new card is received and activated by you. However, if any fraudulent charges are made, you may be liable for the first $50.00 of charges per fraudulent transaction.
- At this time you may accept the risk of not closing your card. However, if any fraudulent charges are made, you may be liable for the first $50.00 of charges per fraudulent transaction.
Should you have any questions, please feel free to contact us at 260.356.8900 during regular business hours. To report a lost or stolen Debit Card any time day or night, you may call our telephone banking system at 260.356.2265 or toll free at 877.742.2265, Option 7. This service is available 24 hours a day, 7 days a week.
Posted in Alerts