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Important information regarding data compromise at Target stores
12/20/13 - We know the Target data compromise has prompted a lot of questions and concern about credit and debit card security in light of the data compromise, and the safety and security of credit and debit cards in general.
We want to take a moment to assure you that we're watching over your accounts today and every day. Protecting your financial assets is our top priority and we are constantly evaluating ways we can do even more to help keep your financial assets safe and sound.
We are monitoring the Target data compromise situation very carefully so we can offer helpful suggestions and advice to clients affected by the compromise and clients who are concerned by the compromise. We hope the following information gives you a better understanding of the current situation and what we are doing now – and every day – to help protect your accounts.
Questions on the Target data compromise
- How do I know whether my card might have been affected?
- According to published reports and other information, your card data might be affected if you used a debit or credit card while shopping at Target between November 27, 2013 and December 15, 2013.
- What is KeyBank doing to help me now?
This January, KeyBank will re-issue credit and debit cards that might have been compromised as a result of the Target data incident. In December, we increased our regular careful card account monitoring in light of the Target data compromise; please know that KeyBank monitors your accounts every day. We use a variety of sophisticated methods to spot signs of fraud or theft.
- What do I need to know about the card re-issuance process?
We will be re-issuing cards throughout January. Affected clients will be contacted via U.S. postal mail with specific information about the process, such as disposing of existing cards and activating new cards.
- What else do I need to know about "phishing" techniques, and what should I do if I think someone is attempting to "phish" my information?
Typically, "phishers" send emails directing recipients to click on a link to a website or open an attachment, so you should always be on the alert for unusual or suspect email messages about your accounts. Don’t open any attachments or links in questionable email messages. Forward any suspect email that appears to come from KeyBank to email@example.com.
- The Target data compromise has made me more concerned about credit and debit card security. Should I cancel my debit and credit cards, or stop using credit or debit cards entirely?
Credit and debit cards are useful tools for managing your spending. There are lots of ways to help protect your cards from fraud. Please check out our Privacy and Security resource library for additional information we think will help you use your cards with confidence that your financial assets are secure.