JPMorgan Chase Limits Use of Some Debit Cards Affected by Target Breach

JPMorgan Chase Limits Use of Some Debit Cards Affected by Target BreachJPMorgan Chase customers who made a purchase with their debit cards at Target stores during the recent 20-day data breach won’t be able to withdraw more than $100 a day or make purchases totaling more than $300 a day.
In a message to customers posted on its website, the nation’s largest bank said the temporary limits are part of additional precautions “to try to keep Chase accounts safe.”
Chase credit card customers can continue to use their cards.
The new limits effects about 2 million accounts, or fewer than 10 percent of Chase debit card accounts, according to Reuters.
“Customers whose Chase debit cards or Chase Liquid Cards are at risk by the Target breach will experience some temporary limits on cash and purchases until we can replace their cards,” the bank states. “If you need cash beyond these limits please visit a branch. With proper identification, you can access your available funds.”
Target reported a credit and debit card breach that potentially exposed the account data of up to 40 million customers, possibly the largest, single such hack in U.S. history. The breach affected transactions in Target stores from November 27th through December 15th.
“Unfortunately, some Chase debit, Liquid and credit cards were identified as at risk because of Target’s security breach,” Chase said.
Here’s what customers should know, according to Chase’s statement:

  • If your card is at risk, we will communicate to you directly.
  • First and most important, if your card is at risk, don’t worry.  All your Chase cards have our Zero Liability Protection.Footnote 1 (Opens Overlay) That means you’re not liable for unauthorized transactions you report to us.
  • We use sophisticated fraud-monitoring tools to review account transactions and detect unusual spending and ATM patterns. This helps us stop fraudulent transactions.

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