Red Flag Warning Issued

Target Offers 10% Discount After Credit Card Hack

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Matarese targetMINNEAPOLIS, MN. (CNN)-  A day after Target announced that forty million of its customers had their credit and debit card data breached, the retailer announced a 10% discount for all shoppers at its stores this Saturday and Sunday.

“We recognize this has been confusing and disruptive during an already busy holiday season,” Target CEO Gregg Steinhafel said in a statement Friday. “Our guests’ trust is our top priority at Target and we are committed to making this right.”

The company also provided details Friday about the extent of the hack and the information that could have been compromised.
The nation’s No. 2 general merchandise retailer said cards used at its brick-and-mortar stores between Nov. 27 and Dec. 15 of this year may have been impacted.

Target said there is no indication that any debit card PIN numbers were compromised. The retailer also claimed it doesn’t appear that the three- or four-digit security code visible on the face of credits cards were breached. That means that the debit and credit cards that were compromised cannot be used to withdraw cash from an ATM or to shop online.

Target is also monitoring its own card, the REDcard, for potential unauthorized activity.
Steinhafel said the affected customers “will not be held financially responsible for any credit and debit card fraud.”
“[T]o provide guests with extra assurance, we will be offering free credit monitoring services,” Steinhafel said. “We will be in touch with those impacted by this issue soon on how and where to access the service.”

Target has set up a hotline for customers. Shoppers have been reporting long hold times, so Target said it will beef up its staffing.

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1 Comment

  • misty

    10% really? Gee, Could they afford it? (sarcasm intended)How generous of them considering they have probably destroyed some lives since I have read that the card info is being served up in the black market! cheapskates!

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