The cleverness of the criminal mind never ceases to amaze. Recently, it was reported that thieves targeted Barnes & Noble, stealing consumer credit card data by rigging the POS PIN pads (the machine where you swipe your card to pay for your purchases) at more than 60 stores across the country.
If you shopped at one of the affected Barnes & Nobles stores, your credit card data, and even your identity, might be at risk for theft. Barnes & Nobles is only one of many companies to have had a data security breach, putting consumer credit card data at risk of theft. The question is: What do you do to protect yourself after the fact?
Carefully review your credit card statement every month
When your credit card statement becomes available, carefully review it to make sure the information on the statement matches the purchases you actually made. Better yet, if you have online access to your credit card accounts, don’t wait for the statement. Log in right now to review recent purchases and make sure all of them are legitimate.
Monitor your credit card usage going forward
Check your credit card usage regularly, and if you have a PIN associated with the account (a debit card or a credit card that allows you to obtain cash using a personal identification number), change that PIN with your credit card company right now. You should also (whether or not your account has been compromised) change the passwords you use to access your online billing regularly. Secure passwords should contain a combination of uppercase and lowercase letters, numbers and special symbols.
Request a copy of your credit report
It is a good idea to review your credit report regularly anyway, but any time you’ve conducted business with a company that has experienced a security breach, you should request a copy of your credit report from each of the three major credit reporting agencies, to make sure there is no fraudulent activity. If you are a victim of identity theft, report it to the police immediately.
Managing your credit reputation requires taking a proactive approach, to minimize potential risk. Ovation can help; contact us today for a free consultation.