Worried About the Target Breach? The CFPB Has Some Tips


We support reforms to the financial marketplace that protect consumers from unscrupulous banks and lenders.

By Consumers Union on Tuesday, January 28th, 2014

As the fallout from the Target data breach continues (along with Neiman Marcus and Michael’s), many consumers are wondering what, if anything, they can do to protect themselves from fraud and identity theft.  Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a “consumer advisory” with basic tips on how to keep your information safe.

So what’s the gist?  Pretty simple: keep an eye on your accounts.   The data breaches may sound scary but there’s no need to panic.  These days, with online transaction histories, text message alerts, and other account management tools, it’s pretty easy to get close to real-time info on your account activity.

If something suspicious pops up, report it immediately to your bank or card issuer.  This is the best way to protect yourself from unauthorized charges or debits.

For more information about protecting yourself and avoiding scams, see our recent blogposts on transaction monitoring and scams to look out for.

Did you get word that your information was compromised recently?  Have you found any suspicious activity on any of your accounts?  If so, tell us in the comments.


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