Navy Cash/Marine Cash cardholders are protected from Target data breach
Navy officials said Sailors and Marines who used their Navy Cash/Marine Cash cards at any U.S. Target stores between Nov. 27 and Dec. 15, 2013, are not liable for any transactions that occur as a result of the unauthorized access to card data reported by Target corporation in December.
Navy Cash/Marine Cash cardholders affected by the breach are protected by the card networks and Regulation E [http://www.cfpb.gov/], which sets rules, liabilities, and procedures for electronic funds transfers and establishes customer protections associated with using electronic funds transfers.
“We partner with the U.S. Department of the Treasury and its financial agent to manage the Navy Cash/ Marine Cash program,” said Naval Supply Systems Command Commander Rear Adm. Jonathan Yuen. “Data reports show 58 cardholders used their Navy Cash/ Marine Cash cards at Target stores during the affected period. These accounts have been flagged and are being monitored for unusual activity.”
Disbursing officers on ships with members impacted by the breach are being notified to issue new cards to affected cardholders.
Navy Cash/Marine Cash combines a chip-based electronic purse (stored-value function) with a traditional magnetic strip (debit card and ATM function). The electronic purse replaces currency aboard ships. The magnetic strip and branded debit features afford users access to funds in their Navy Cash/Marine Cash accounts worldwide via Automated Teller Machines and pointof sale devices at merchants who accept debit cards.
Cashless ATMs aboard ship provide 24-hour-a-day, seven-day-a-week access to Navy Cash/Marine Cash accounts. The cashless ATMs also provide off-line access to accounts at financial institutions ashore and the ability to move money electronically to and from Navy Cash/Marine Cash accounts and those financial institution accounts.
“We are deeply concerned about the inconvenience the data breach may have caused our Sailors and Marines,” Yuen added. “We take this matter very seriously and are doing all we can to ensure our Sailors’ and Marines’ privacy and information is protected now and in the future.”
The NAVSUP and Navy Supply Corps team share one mission--to deliver sustained global logistics and quality-of-life support to the Navy and joint warfighter. NAVSUP/Navy Supply Corps’ diverse team of more than 25,000 civilian and military personnel oversee a diverse portfolio including supply chain management for material support to Navy, Marine Corps, joint and coalition partners, supply operations, conventional ordnance, contracting, resale, fuel, transportation, security assistance, and quality of life issues for our naval forces, including food service, postal services, Navy Exchanges, and movement of household goods. The NAVSUP/Navy Supply Corps team forms a vast network of professionals who deliver unparalleled products and services to customers in the Fleet and across the world.