For consumers who suffered credit card fraud because of the Target breach and acted quickly,which of the following is true?
A) They received no compensation.
B) They received compensation from Target.
C) The credit card companies did not charge them for fraudulent purchasers.
D) The United States Treasury compensated them from an insurance fund.

Question

Quizplus · Accepted Answer

Credit card companies have a policy of not charging customers for fraudulent purchases if the customer reports it in a timely manner. Therefore, consumers who acted quickly and reported the fraud would not have been charged for the fraudulent purchases. However, they may or may not have received compensation from Target. The United States Treasury does not have an insurance fund for compensating consumers in such cases.

For Consumers Who Suffered Credit Card Fraud Because of the Target