Banks scramble on debit card theft – CNET News.com

Banks scramble on debit card theft | CNET News.com
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FAQ Several large banks and credit unions have replaced about 200,000 debit cards in the wake of a security breach at an unidentified retail chain and Sam’s Stores, owned by Wal-Mart Stores.

Multiple law enforcement and banking sources have told CNET News.com that unauthorized charges have shown up on the accounts of many OfficeMax customers, but the company has denied suffering any security breach.

Readers have asked about whether they’re liable if they’re victimized by hackers. Here’s what we found.

Q: Can I ever be held responsible for unauthorized charges on my account?
Yes, you most certainly can be. Consumers must report fraudulent charges within 60 days after receiving their bank statement. The law makes allowances in certain situations, such as a trip abroad or an illness. Save receipts and review your statements often and carefully as soon as they arrive. The government also requires consumers to notify their banks within two business days after discovering an unauthorized charge in some way other than through a statement (if, for instance, they find out by accessing their account online, or if they know their card or PIN has been stolen).