Online Banking

National Retailer Security Breach

National Retailer Security Breach

Protecting Yourself from National Retailer Security Breaches

Consumers need to be aware that big box retailers are prime targets for hackers to access and steal your personal financial information. However, be aware that many retailers have taken the proper precautions to ensure that your information is safe when completing a transaction at their stores, or online. You should feel comfortable using your Visa® cards anywhere Visa is accepted, but it is very important to follow the security tips outlined in the Online Shopping & Selling section of our Security Resources, as well as the tips laid out in the ATM, Credit and Debit Card Fraud Protection Tips section. 

Even if a big box retailer fails to protect your information, it does not necessarily mean fraud has occurred or will occur on your account. NJFCU actively monitors the activity on your account and is proactively working to protect you from fraud. In the event any fraud occurs on your card, all consumer Visa credit and debit cards are protected with Visa’s Zero Liability policy, which means you pay nothing for fraudulent activity on your account. Please continue to monitor your account and let us know immediately if you notice any charges to your account that you don’t recognize.

As a member of NJFCU, we offer consumers multiple layers of security protection against fraud.

While we employ the latest systems and technology to monitor and prevent card fraud and merchants also take the necessary precautions to protect your card information, there are some practical steps you can take to help protect your card information:

  1. Shop with merchants you know. If a deal seems too good to be true, it probably is.
  2. Check your account statement promptly and immediately report any transactions that you don’t recognize.
  3. Guard your card – don’t use it as collateral or give out your card number to someone calling on the phone, unless you initiated the call for a purchase.
  4. Check your credit report to ensure its accuracy.  You can request free annual credit reports from one of the three major bureaus. You can do so through annualcreditreport.com.