The Target credit card breach could be more problematic than initial reports indicate; and millions of people could potentially lose money and more importantly personal information to identity thieves.
Marcus Rogers, a top cyberforensics researcher at Purdue University says about the thieves, 'They knew that striking shortly before Christmas would give them access to the greatest amount of information and pose a security dilemma to any retailer faced with the prospect of millions of cardholders canceling their cards during the busiest shopping week of the year.'
Which is why Rogers is encouraging all Target shoppers who used a credit card during the time of the breach to cancel their cards immediately to prevent thieves from ranking up charges or using the information.
Rogers believes because of the timing of the problem, the thieves are likely professionals and adds, 'Increased buying this season also makes it less likely that cardholders will quickly notice illicit charges.'
Not only that but the breach could also give criminals access to information like birthdays, bank account numbers and emails that would allow them to phish for more information from victims.