MarketWatch - Stock Market Quotes, Business News, Financial News
(Redirect in 11 seconds) Skip this ad » MarketWatch
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?

SmartMoney Blogs

Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

data breach - All posts tagged data breach

  • Mar 30, 2012
    11:16 AM ET

    Are Cardholders Liable for Fraudulent Charges?

    Some 50,000 cardholders may be impacted by a data breach at one of MasterCard and Visa’s third-party processors. But for individuals, data breaches are often far less scary than they sound — at least for credit cards.

    Consumers are actually well-protected against fraudulent credit card charges. In general, card issuers hold customers liable for up to $50 of unauthorized credit card transactions and often times they waive that as well, says Carol Kaplan, a spokeswoman for the American Bankers Association. In this case, if it was strictly credit-card information that was compromised, consumers won’t be on the hook for charges they didn’t make.

    However, if the data breach involves debit cards, consumers could be at a much greater risk. With debit-card breaches, protections are minimal and consumers are advised to contact their card issuer quickly. Consumers who wait more than 60 days after receiving a checking account statement that shows fraudulent withdrawals could be at risk of losing hundreds of dollars. In the worst-case scenario, they could lose all the money in their account, says Jay Foley, identity theft expert and founder of the ID Theft Info Source, a consulting firm.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
(Redirect in 11 seconds) Skip this ad » MarketWatch
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?

MarketWatch - Stock Market Quotes, Business News, Financial News
(Redirect in 11 seconds) Skip this ad » MarketWatch
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?