Target's holiday breach hit 110 million customers, three times larger than first reported, exposing names, addresses, and credit card data. Neiman Marcus also suffered a separate breach. Experts warn stolen card data gets monetized fast and recommend checking statements daily and using Target's free year-long credit monitoring.
Chapters
Stunning new numbers this morning in one of the largest cases of identity theft ever, the Target hack attack over the holidays. The giant retailer now saying the number of customers who had their personal information stolen is actually nearly 3 times larger than first reported, as many as 110 million people. Meanwhile, overnight, word of another store hit by hackers. So let's go to ABC's Aditi Roy, who's in our LA bureau. Aditi, good morning to you.
Good morning, Dan. Yes, Neiman Marcus is now saying its customers' credit cards were were also compromised. A spokesperson says the company is still trying to figure out how many people were affected. This follows Target's announcement that its data breach affected far more customers than the company originally reported. Weeks after Target first announced a hacking incident involving 40 million customers, more bad news from the retail giant. The company now saying up to 70 million more customers who shopped in stores and online were targeted, their names, addresses, phone numbers, and email addresses stolen.. And breaking overnight, Neiman Marcus says it too discovered a credit card breach at its stores last month. A spokesperson says the size and scope of that incident is not known.
The name, address, and phone number, they can't do a whole lot with that as far as turning that data immediately into cash. The goal really is to get credit cards, which they can immediately turn into cash.
Security experts say customers can protect themselves by checking their credit card statements.
I check it every day now to make sure there's no transaction on there that I didn't put on there.
Otherwise, if you don't, you could be paying for The dinner of an identity thief.
As for Target, analysts say it faces a long road to recovery.
The big issue for them is their brand is being attacked and people are not trusting their brand. And when you lose the trust of the public, you've lost just about everything.
This one is— Target CEO is apologizing, offering affected customers a year's worth of free credit monitoring and identity theft protection. Dan and Biana.
Aditi, thank you. And switching gears now to a major crisis, a major crisis in Enveloping.
