The now infamous Target data breach continues to have ripple effects. On January 27th, the Consumer Financial Protection Bureau (CFPB) issued a consumer advisory with tips on what to do if someone suspects they are a victim of what seems to be multiplying payment card data breaches. There’s no doubt that the Target data breach… Continue reading Target Data Breach Spawns Consumer Advisory
Month: January 2014
Potential Security Breach at Michaels Stores
If a cyber attack on Michaels is confirmed, it will be just the latest in a string of high profile data thefts directed at national retailers.
Banks Sponsor Prepaid Debit Cards
The recent announcement about wireless carrier T-Mobile’s new prepaid debit card has highlighted the popularity of this still relatively new financial product among banks. According to a recent article in The Washington Post, banks are increasingly excited about the prospect of teaming up with retailers like T-Mobile to offer prepaid debit cards. The reason? Money,… Continue reading Banks Sponsor Prepaid Debit Cards
New FBI Prepaid Card Scam – Alert By Better Business Bureau
Criminals have certainly been hard at work lately. As anybody who has picked up a newspaper or logged onto the Internet recently knows, retail giant Target and tens of millions of its customers were the victims of a holiday season heist of payment and other personal information. And on January 17th, the Better Business Bureau… Continue reading New FBI Prepaid Card Scam – Alert By Better Business Bureau
Target’s Woes Continue
While Target is scrambling to undo any lasting damage done by this high profile data thievery, there is evidence that the company still has plenty of work to do. Just three days after Target released its latest update on its security troubles, the research firm YouGov released its latest BrandIndex, which ranks companies according to consumer sentiment.
Senate Bill Aims To Ensure Prepaid Card Fee Disclosure
U.S. Senator Mark Warner chose the end of the holiday shopping season to introduce a bill that would mandate prepaid card fee disclosure. Warner, a Democrat from Virginia, unveiled the Prepaid Card Disclosure Act of 2014 on January 9, and cited the recently completed holiday gift buying season and the industry’s rapid growth as the… Continue reading Senate Bill Aims To Ensure Prepaid Card Fee Disclosure