Target Customers’ Stolen Card Information Now on Sale
Experts warn that customer information acquired during a security breach which affected Target retail stores across the nation are now being sold on underground websites.
Stolen Card Information for Sale on Black Market Sites
KrebsOnSecurity has reported that a fraud analyst for a major bank and his team were able to buy a portion of the bank’s customers’ credit and debit card accounts from an illicit online store.
While the analyst has not been identified, it was determined that he and his team were able to complete the purchase before Target admitted to a widespread security breach that leaked data connected to 40 million credit and debit card accounts last week.
According to reports, the information is being sold on multiple black market websites where the data for an individual card can be sold for over $100.
Customer Information Stolen in Target Security Breach
Target confirmed December 19 that thieves were able to steal information linked to 40 million debit and credit cards between November 27 and December 15.
Information acquired during the breach included customer names, credit and debit card account numbers, card expiration dates and embedded security codes.
This is the second largest card breach in U.S. history behind a 2005 breach involving TJX Cox which affected 45.7 million card users.
Potential victims are urged to monitor their financial statements closely and may want to consider requesting a new card in order to prevent financial damages. Experts warn that fraudulent activity may not occur for months or even years as the thieves sell the stolen information.
Contact an Experienced Consumer Protection Attorney
Thomas J. Henry are leaders in the area of consumer protection litigation. Our attorneys have the knowledge and resources to represent clients efficiently and aggressively. If your personal information was compromised as the result of the Target data breach, contact Thomas J. Henry immediately. We are available 24/7, nights and weekends.