A federal judge has ruled that customers suing Target for last year’s data breach will be able to move forward with their claims. Target also reportedly faces lawsuits from banks hit by the data breach.
The Hennepin County Sheriff’s Office is warning citizens about phone scams. Residents have reported being called by people who claim arrest warrants are out for them due to unpaid court fees, fines or missed jury duty. The sheriff’s office says the calls have led to unauthorized credit card use, identity theft and other forms of fraud.
With all the security breaches in the past year, many shoppers are concerned about using their credit or debit cards. But carrying large amounts of cash has its own risks. A survey by Bankrate.com in November found more than a third of American shoppers planned to use debit cards for Black Friday purchases. Many of those cards are tied to checking and credit accounts, and hold a wealth of personal information if hackers and thieves get their hands on them.
It was this time last year when we first learned about a data breach at Target stores nationwide.
The Grand Casino Mille Lacs says approximately 1,600 card transactions were accessed by an unauthorized person and used for fraudulent transactions.
Owners of the iPhone 6 registered more than 1 million credit cards on Apple Pay in the first three days the service was offered. The app lets people pay for goods with their phone. In theory, when enough stores sign up, you won’t have to carry a credit card. For many people, cash has already been replaced by credit.
Valley Lettering in North St. Paul is always looking for more business. So as convenience to customers, owner Don Buckentin takes credit or debit cards. But for each transaction, he pays a fee. “This was far more than pennies,” Buckentin said. “This was hundreds of dollars.”
Popular sandwich chain Jimmy John’s seems to be the latest victim of a national data breach involving customers’ credit and debit cards.
Edina-based Dairy Queen is the latest company hit by cyber criminals, as an undisclosed number of stores have reportedly been hit by a data breach. Information including customers’ credit and debit card data may have been lifted.
Ten years ago, 36 percent of retail purchases were paid in cash. Today, that’s dropped to 29 percent, and if this trend continues over the next generation, it could fall to 10 percent.
A major Twin Cities restaurant group is raising the minimum wage for some of its employees higher than the new state law requires. The Blue Plate Restaurant Company owns eight popular spots, and will open a new restaurant at the State Fair Thursday. Starting Sept. 1, Blue Plate’s non-tip workers will earn $9.69 an hour.
Another Minnesota-based company is trying to figure out how it fell victim to hackers. Supervalu, which owns Cub Foods stores across Minnesota, said hackers accessed a part of its computer network that processes payment card transactions.
TA data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states.
Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target’s computer systems last December.
Now that we’re finally getting out of winter, a lot of us will start our spring cleaning. That includes getting your finances tied up. However, it’s also tax season, so the last thing you may feel like doing is crunching more numbers.