1/21/2024 0 Comments Notice of data breach meaning![]() ![]() If you become aware of any fraudulent transactions, immediately call your financial institution and follow up by formally disputing the transaction in writing.Consider setting up access to online statements, with email notification from the card issuer when your statement is ready for viewing. Make sure that your account statements arrive in your mailbox at their normal time.If your card issuer offers it, set up text or email alerts of any activity.Carefully monitor all your account transactions.However, this is especially important if you have used a debit card at the breached entity. They are not required to do so, and there may be a charge for the replacement card. ![]() Ask your card issuer to cancel your current card and reissue the card with a new account number.On the other hand, if you used a credit card, you will have an opportunity to dispute any fraudulent transactions before you have to pay the bill, so you will still retain access to the funds in your bank account.Īfter you determine the type of payment card that you may have used, take these steps to reduce the risk of fraud: If your debit card is used fraudulently, funds can quickly be withdrawn from your bank account without your knowledge. There is far greater risk to you from a compromised debit card. If you become aware (through news media coverage or otherwise) that there has been a payment card breach at a retailer at which you have shopped, what should you do?įirst, determine whether you have used a debit or credit card at the merchant. However, many financial institutions do not automatically reissue cards that may have been compromised. You might become aware of a breach affecting your credit or debit card because your financial institution has reissued your payment card with a new account number. These breaches can be massive in size, sometimes affecting millions of cardholders. The sections below describe the action that you should take to protect yourself for each of the above types of breaches.īreaches of your credit or debit card information may occur in retail stores at point-of-sale (POS) terminals or as part of an online transaction. A breach involving your Social Security number.A breach involving your driver's license number or another government-issued ID document. ![]()
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