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How to Protect Yourself After a Data Breach

Clothing retailer Forever 21 has joined the long list of companies that have experienced a credit card data breach. The company announced Tuesday that an unauthorized party was able to access their payment card system from March until October of this year.

Forever 21 reported hackers were able to gain access to their system because the encryption on these devices that should have prevented such an incident was “not operating.”

In the past, when this type of breach took place, companies would offer free credit monitoring to those customers. When Target was hacked in 2013, the company gave affected shoppers one year of credit monitoring and theft protection in order to help shoppers but also to earn back consumer confidence. However, these services cost companies a lot of money, and since many consumers now seem unfazed by data breaches, some companies have stopped offering credit monitoring.

What can you do if you think your credit card information may have been stolen in a breach?