Data breaches put holiday shoppers at higher risk for fraud
In addition to spending too much, one of the biggest risks facing holiday shoppers is the security of their personal and financial information, say cybersecurity experts. A year after a pre-Christmas data breach at Target Corp., which affected 40 million debit and credit card records, the chance of another large retailer suffering an attack is highly likely, said Chris Hart, operational risk director for Cincinnati-based First Financial Bancorp. Michaels Stores Inc., Home Depot, JPMorgan Chase & Co. and others followed in Target’s wake with their own security lapses in 2014. Because of the magnitude of compromised data this year, the biggest concern for holiday shoppers is how their already stolen information…Read More
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