If you have shopped at Target since Black Friday, your credit card number may have been stolen by an extremely sophisticated and widespread cybertheft of as many as 40 million credit and debit cards. To protect yourself, you should immediately check for fraudulent charges, especially if you have used a debit card. While credit card holders have 60 days to report fraud and a maximum $50 liability, debit card holders have only two days before their liability balloons to $500. According to security experts, fraudsters will typically check the validity of the cards they have stolen with a small charge, such as coffee or a book. The Secret Service is investigating and credit card issuers are watching for potentially fraudulent charges.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: