Credit monitoring works by notifying consumers after fraudulent activity occurs—for example, if a new credit card has been opened in the victim's name—so that it can be quickly stopped. It doesn't alert customers if someone is actually using a stolen credit card, since that information doesn't show up on a credit report. "Free credit monitoring is like someone running up to you after a car accident and telling you, 'You just got in a car accident!'" John Ulzheimer, a credit expert at CreditSesame.com, tells MarketWatch.On top of the possibly misleading inadequacy of the service Target is offering, it also comes with a healthy dose of upselling. People nervous about the theft of their credit card and other information sign up for Target's free service—and are immediately told about the much better credit monitoring they could get for a low, low fee ... of up to $75. That's really comforting, thanks!
But according to Consumer Reports, Target's credit monitoring service isn't even as good as that—since it only checks one bureau, Experian, and this practice doesn’t provide a full picture of a person’s credit. [...]
Checking only one bureau means that "the service could miss fraudulent activity," Consumer Reports notes.
After the theft of information on more than 100 million Target customers, the company rushed to do damage control. But experts say Target's offer of credit monitoring for people whose information was stolen may be controlling public relations damage more than actual damage to those customers:
You must add at least one tag to this diary before publishing it.
You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.
Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
Are you sure you want to save these changes to the published diary?
mslat27, Creosote, Eyesbright, solesse413, Ohkwai, stagemom, eru, blueoasis, gpoutney, kurious, BentLiberal, Cassandra Waites, shaso, We Won, IndieGuy, Steve Masover, Glen The Plumber, Aunt Pat, LaraJones, Skyye
Diary Recommended By
Recommended by Laura Clawson
- The media are more interested in ...327 comments 329 Recs
- Yes, it's been a while since I've done a GunFAIL update here at Daily Kos. But no, I never stopped keeping records on accidental shootings, guns left behind in bathrooms, and the like. In fact, I ...93 comments 268 Recs
- I am sad, but also excited, to announce that after 11 years I am leaving Daily Kos and joining Raintank , where I will be working on monitoring software and doing devsy-opsy. It's been a long and ...120 comments 296 Recs
- On Saturday at 8 AM PT, the tech team will be moving Daily Kos from its current web host to Amazon's Web Services. We'll be taking the site down for an estimated one to three hours while we move our ...132 comments 136 Recs
- To give voice to 35 workers killed on the job over the past 35 years at a massive refinery in Texas City, hundreds of surviving family members, co-workers and friends gathered there last month to ...4 comments 19 Recs
- Like many, I am watching the terrible events in Baltimore play out, and am also following the very disturbing details of Freddie Gray's death as they are revealed. I'm writing tonight because the ...115 comments 164 Recs
- Watching the discussion around the Trans Pacific Partnership (TPP) gives me a nasty sense of déjà vu. Long before joining AFGE, I worked as a food service worker, licensed practical nurse, and ...178 comments 209 Recs
- Americans across the political spectrum need to rise up and stop Fast Track now! The good news is that overwhelmingly House Democrats will vote No! The bad news is that lined up against them, and ...4 comments 14 Recs
- At the American Association of Editorial Cartoonists in Washington, D.C. in 2012, Dan Perkins appears with Sparky the Penguin, his avatar and a leading character in his cartoon This ...60 comments 222 Recs
- This is no plea for pity for corporate kingpins like Walmart and McDonald’s inundated by workers’ demands for living wages. Raises would, of course, cost these billion-dollar corporations ...7 comments 20 Recs