By Louis DeNicola, Cheapism.com
In the midst of the busy 2013 holiday shopping season a security breach at Target led to the theft of 40 million (and counting) customers' credit and debit card information. Names, numbers, expiration dates, and security codes were all lifted and many, if not all, were sold via online black markets. So how do you protect yourself against credit-card fraud?
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Many customers quickly canceled their cards. But even if Visa, MasterCard, Discover, and American Express cardholders failed to take this step, they were covered; that is, they had no liability for fraudulent activity. Moreover, credit card companies routinely monitor for fraud and freeze accounts or delay purchases in the face of suspicious activity and unverified identity. Debit card holders may not have the same protections, however, and can be liable for up to $500 in charges for failing to report a theft right away.
Things get reallyRead More »from Free and Cheap Ways to Monitor Your Credit After the Target Breach