Target Data Breach Update: Chase Bank Lowers Debit Card Daily Limits
December 23, 2013
December 23, 2013 Update: Chase Bank Lowers Daily Limits on Debit Cards following Target Data Breach
Chase Bank announced today that it is lowering the daily limits on its debit cards in the wake of the Target data breach to reduce the bank's exposure to loss. If you have a Chase debit card, the daily limit that you can withdraw as a cash advance is $100 and the daily limit on the amount that you can charge to your debit card is $300. If you are using your debit card for travel or last minute shopping, the lower limits could complicate your plans.
Most debit card holders may not even realize that there is a daily limit on their account. Most people think that their limit equals their checking account balance, but that is not the case. Daily limits help reduce losses if your card is stolen.
December 20, 2013 Update
Abilene TX -- Yesterday, the BBB warned Target shoppers, whose credit and debit cards may have been compromised by the data breach, to watch out for scam emails claiming to be from Target.
Then later in the day, Target announced that it had sent all forty million customers an email about the data breach.
This email announcement from Target opens the door for scammers to send out fake "Target" emails that contain viruses that can lead to identity theft.
With Target customers expecting an email from the real "Target", they may open fake "Target" emails and click on links or download attachments.
The BBB has this advice for Target shoppers:
1) Do not open a "Target" email if it is flagged by your operating system as spam or if it goes to your junk mail folder.
2) Look at the sender's email address. The sender's domain name should end in "@target.com". If it has any other letters or numbers after the "@" symbol other than "target.com", it is probably a scam email.
3) If you get an email from "Target", DO NOT click on any links or download any attachments in the email, regardless of how real the email appears. Scammers can easily create emails and websites that look like the real company.
4) If the email from Target does have links in it, you can HOVER over the link without clicking on it, to see what the web address is for the link. If the web address ends with anything other than "@target.com", it could be a scam.
For more information about phishing scams and identity theft, please visit BBB.
December 19, 2013 News Release
Abilene TX -- If you shopped in a Target store between Black Friday on November 29, and December 15, 2013 your credit card or debit card may be part of a massive data breach.
This data breach could lead to unauthorized charges on your credit or debit card, and it could lead to identity theft.
If you are concerned about your financial information being compromised in the data breach, the BBB has these five tips:
1. Keep receipts in case you have to prove which charges you authorized and which ones you did not authorize.
2. Review your accounts. Check your credit card and bank statements for unauthorized charges every few days.
3. Watch out for email scams. Don’t fall for fake phishing emails purporting to be from Target, your bank or your credit card company about the data breach which instruct you to click on links or download attachments.
If you click on links or download attachments, your computer will be infected with viruses designed to steal your personal information.
4. Check your credit reports with all three credit bureaus to make sure that no one has opened credit accounts in your names.
You can get a free credit report at www.annualcreditreport.com.
5. Put an alert on your credit report so that you are notified when new credit accounts are opened in your name. Or, you can freeze your credit report so that no new accounts can be opened in your name.
For more information, please visit BBB or call 1325-691-1533