ABC 22 News Team
- Alexandra Lewis
- Amber Watson
- Elyse Coulter
- Hilary Zalla
- Kelly May
- Kristine Frazao
- Nicole Grigg
- Rhonda Moore
- Ann Reynolds
High: 82 Winds: Light Var.
Tomorrow: Warmer than Average but A LOT Less Muggy - Looking Great!
High: 84 Winds: Light Var.
Thursday: Hot & Muggy with the Slight ...
Target Acknowledges Data Breach
NEW YORK (AP) -- With less than a week until Christmas, a real-life Grinch has stolen the credit and debit card information of about 40 million Target shoppers.
Target says anyone who made purchases by swiping cards at terminals in its U.S. stores between Nov. 27 and Dec. 15 may have had their accounts exposed. The stolen data includes customer names, credit and debit card numbers, card expiration dates and the three-digit security codes located on the backs of cards.
The stolen information included Target store brand cards and major card brands such as Visa and MasterCard.
The data breach did not affect online purchases, the company said.
Here are some answers to the most common questions about the theft:
Q: I shopped at Target during that time. What should I do?
A: Check your credit card statements carefully. If you see suspicious charges, report the activity to your credit card companies and call Target at 866-852-8680. You can report cases of identity theft to law enforcement or the Federal Trade Commission.
You can get more information about identity theft on the FTC's website at www.consumer.gov/idtheft, or by calling the FTC, at (877) IDTHEFT (438-4338).
Q: How did the breach occur?
A: Target isn't saying how it happened. Industry experts note that companies such as Target spend millions of dollars each year on credit card security, making a theft of this magnitude particularly alarming.
Avivah Litan, a security analyst with Gartner Research, says given all the security, she believes the breach may have been an inside job.
Litan says Target's breach suggests that current security standards aren't working.
"It's really a wake-up call to the banking industry, but they never seem to wake up," she said.
James Lyne, global head of security research for the computer security firm Sophos, says something clearly went wrong with Target's security measures.
"Forty million cards stolen really shows a substantial security failure," he says. "This shouldn't have happened."
Q: Who pays if there are fraudulent charges on my account?
A: The good news is in most cases consumers aren't on the hook for fraudulent charges.
Credit card companies are often able to flag the charges before they go through and shutdown your card. If that doesn't happen, the card issuer will generally strip charges you claim are fraudulent off your card immediately.
And since the fraud has been tied to Target, it'll be the retailer that ultimately compensates the banks and credit card companies.
Q: How much is this going to cost Target?
A: It's too soon to tell. In addition to the fraud-related losses, banks may start charging Target a higher merchant discount rate, which is the amount retailers pay banks for providing debit and credit card services. While the percentage difference may be tiny, it could result in steep costs given the volume of transactions Target does, Litan said.
Litan added that the company could also face class action lawsuits from consumers, though most of them will be meritless, and fines from federal agencies. When combined, the costs of the breach could be so steep that they actually prompt Target to raise prices., she said.
"The real winner in this is Wal-Mart," she said.
Q: How can I protect myself?
A: Like they say, cash is king. You can only lose what you're carrying, though admittedly many people may not feel safe walking around with a wad of bills in their pocket.
As stated before, credit card companies don't hold consumers liable for charges they don't make. Usually the worst thing consumers have to deal with is the hassle of getting a new credit card.
And the paper trail generated through credit card transactions can often make it easier do things such as return items you've purchased, or keep track of work-related expenses.
It's worth noting that while debit cards offer many of the same perks as credit cards, without the worry that you'll spend more than what's in your bank account, they often don't come with the same kind fraud protections.
As a result, those card holders may have a tougher time getting their money back if their number is stolen.
Q: How can future breaches be prevented?
A: Litan said an easy way to prevent fraud would be to eliminate the use of easily cloned magnetic strip cards and upgrade to the kind of microchip technology used in most other parts of the world.
But she said that banks have pushed back against the idea, because the microchip cards costs significantly more than the magnetic strip version and changing over all of the country's ATMs could drive the total costs into the billions of dollars.
Lyne said it's unclear if the use of microchip cards would have prevented the Target breach, since it's unclear how it happened, but that it certainly wouldn't hurt.
Q: Why is the Secret Service investigating?
A: While it's most famous for protecting the president, the Secret Service also is responsible for protecting the nation's financial infrastructure and payment systems. As a result, it has broad jurisdiction over a wide variety of financial crimes. It isn't uncommon for the agency to investigate major thefts involving credit card information.
Border CrisisGet the latest developments on the border control issue!
Chefs CornerWe often invite local chefs into our studio kitchen to demonstrate their cooking techniques and recipes. Watch those video segments on this page.
Pay It ForwardRiver Valley Credit Union, FOX45, and ABC22 recognize the good deeds of people and organizations who make the Miami Valley a better place.
Health Care ReformThe Supreme Court ruling to uphold the Affordable Care Act sparked a new battle. Check here daily for the latest developments, locally and across the country.
Secrets Of A ThiefWe expose the "Secrets Of A Thief". Sponsored by Shiver Security.
Cool SchoolsOur children are the way of the future and it all starts with our schools. Join us as our Hilary Zalla goes inside schools around the Miami Valley to find out what cool things students and teachers are ...
Town HallJoin in as our expert panel discusses jobs in Ohio
No Text ZoneTexting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE.
Washington TimesPolitics, Breaking News, US and World News.
On Time TrafficGet the latest traffic information and updates here!
School ClosingsGet the list of all closings and delays for schools and businesses within the area, and sign up for text alerts!
Save Local TVFind out how you can save local TV right here!
Raw NewsWatch raw, unedited and uncensored news stories right here!
Pump PatrolFind the lowest gas prices, check out local and national price trends, report low prices and get fuel saving tips!
Political PulseArmstrong Williams is a pugnacious, provocative and principled voice for conservatives and Christian values in America's public debates.
News LinksThese links were chosen by the newsroom for their newsworthy content. These sites enhance the news stories that aired on the newscast on the dates cited.
Menard's Around the HouseMenards Around the House how-to videos give you tips for those much needed home improvements!
On the MoveGet the latest news and more on your mobile phone!
Good MorningIt's Fun, it's fresh, the way mornings should be!
Top StoriesGet up to the minute information from across Ohio in our Top Stories section!
Your Voice. Your Future.As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
Waste WatchHow are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.
US manufacturing grows at fastest pace in 3 1/2 years
WASHINGTON (AP) -- U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.
WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
Companies that pride themselves on being eco-friendly may have conflicted
ideas between marketing with ad specialties and maintaining their green
JENNIFER LAWRENCE-NUDE LEAKS
LOS ANGELES (AP) -- It is not the kind of public exposure most celebrities want.
APPLE VALLEY, Minn. (AP) -- At 31, Nikko is the old man -- of North American monkeys.
IN THE NEWS: FBI, APPLE, INVESTIGATING LEAKED CELEBRITY NUDE PHOTOS
LOS ANGELES (AP) -- Both the FBI and Apple are trying to find out how nude photos of several female celebrities ended up on the Internet.
Tonight on ABC 22
6:30 pm ..... ABC World News
7:00 pm ..... Family Feud
7:30 pm ..... Family Feud
8:00 pm ..... The Story of Frozen: Making a Disney Animated Classic
9:00 pm ..... Extreme Weight Loss
11:00 pm ... ABC 22 News at Eleven
11:30 pm ... Jimmy Kimmel Live
12:30 am ... Nightline