Target lawsuits are piling up across the nation after Target customers credit cards and debit cards were part of one of the most sophisticated hacks to come along yet. Folks who had their information hacked after shopping at a Target store are living through a financial nightmare today. Many banks nationwide have lowered their daily spending limits on credit cards and debit cards, which put a damper on their holiday shopping.
Target hacking victim's are finding the fix for this has been anything but easy. People are suing Target after finding out just how much this hacking has changed their daily lives when it comes to finances, according to CNN Money on Dec. 24. The hackers got the information for up to 40 million Target shoppers nationwide, so the chances that you know someone who fell victim to the hackers are very good.
A new warning coming from Target today to their 40 million customers who had their credit card and debit card information hacked is just adding insult to injury today. Target warns of new scam emails that are looking for information. These scam email tactics are showing up among the folks whose credit and debit cards were compromised in the Target hacking event, according to "Fox and Friends" live on Wednesday morning.
If you think that it is only the folks that shopped at Target that are affected by the hacking, you would be wrong. Just call your bank and try to get through to a live person in customer service, the wait is usually very long. Even though your call to your banking institution or credit card company has nothing to do with the hacking, banks are so busy dealing with this event that all customers are suffering a long wait.
The folks who were hacked are still paying the price for something that was not their fault. Many banks nationwide dropped the daily spending limit for the customers who were hacked. Many people went out to finish their holiday shopping and their cards were rejected after a new and much smaller daily limit of spending was put on their cards. In some cases cardholders were only allowed $300 spending per day.
What made this Target hacking event like no other is that the criminals, who sold the credit card and debit card information online to other criminals, supplied the zip code for the Target that the card was used in, according to Computer World.
Usually if a flurry of spending on a credit or debit card goes on outside the area of the zip code of the cardholder, a red flag goes up and the bank contacts the cardholder. Now that the zip code went along with the hacked card information sold to criminals, this by-passed this security check.
If your credit or debit card was one of the hacked cards from this Target event, then chances are the criminals who purchased your card are in your own back yard. As far as the bank computers are concerned it looks as if the cardholder is just shopping in their area when the criminals first start using the stolen card information.
Usually in a scam where a large number of credit card information is stolen, the info is sold overseas are at least far from the cardholders home. As soon as the bank’s computers see a flurry of activity, a red flag goes up and the cardholder is contacted. This isn’t the case with the Target hacking event. Experts believe that because the criminals are using the cards in the area of the cardholder’s zip code this allows them to use the card longer than usual in a scam situation.