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Neiman Marcus and Target: Not the only victims of cyber-space hacking

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Many consumers are the real victims of credit card hackers and the infiltration of credit from retailers that had their security breached. Information such as credit and debit card numbers, names addresses and phone numbers of customers have been put under a greater risk for identity theft.

Neiman Marcus is an upscale and luxury retail merchant that has fallen victim to another cyber-security attack similar to the one that hit Target stores according to news reports on Jan. 11 from ABC News, US News, CNN and The Washington Post.

It has been confirmed that those unauthorized persons have made charges on customers’ cards during the holiday season. Spokeswoman Ginger Reeder of the Neiman Marcus Group based in Dallas said; "We have begun to contain the intrusion and have taken significant steps to further enhance information security."

Target disclosed information stating that more than 70 million customers are affected by this breach in their date system. Over 40 million credit and debit card accounts were violated by this attack.

Investigations of this scandal are being made on both state and federal levels. There have been some class-actions lawsuits already filed.

Customers are not being held liable for any fraudulent charges made to their cards and accounts due to this cyber-data breach. A credit union in Alabama has taken action against Target for costs and compensation arisen from issuing their customers new cards and administrative costs dealing with those fraudulent charges.

Neiman Marcus retained a forensics firm to investigate and confirmed that customers’ cards may be compromised. They are also working with the U.S. Secret Service to notify customers whose cards were used without their authorization.

Both retailers are very concerned about their customers’ privacy and that the investigations will prove and provide the person, persons or group involved in this breach. They are also worried that many customers may choose their stores to shop in for future purchases and expect a large decline in sales and profits for the first quarter of 2014.

Customers who still feel the need to shop these merchants it is advised to use cash for all purchases!

© 2014 Beverly Mucha / All Rights Reserved

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