A couple of shoppers leave a Target store on a rainy afternoon in Alhambra, California.
A couple of shoppers leave a Target store on a rainy afternoon in Alhambra, California. - 
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 Today, President Obama spoke at the Department of Justice about the National Security Agency, and the massive amounts of data the government has been collecting about us.Obama announced some changes that would restrict the ability of the government to access our data. Ultimately, he says he will move the data that has been collected out of the hands of the government.

And if that’s not enough to keep you awake at night, the data breach at retailer Target seems to keep getting bigger: Investigators announced that the breach appears to be part of a huge, very sophisticated international attack against many retailers.

So: Which is worse? The government collecting our data on an unprecedented scale, or cyber criminals attacking us every time we swipe our card? 

"The criminals are a bigger and more immediate threat," says Stephen Cobb, security researcher at ESET North America. He says data breaches make us vulnerable to identity theft, which can destroy people’s credit and take years to sort out. "One of the big drivers of our economy is improved use of electronic communications. If people are spooked into not using that, that has an impact on the economy."

Others are more worried about the government collecting our data: "I want to be able to shop and not worry about losing my credit card information," says Barrett Lyon, CEO of defense.net. "But I also want to be able to chat with my wife online, and not worry about somebody deciding to use that against me in the future."

It’s not the data the government is collecting that worries Aram Sinnreich, author of The Piracy Crusade, it’s the data about the data. "The NSA is able to infer things like what your sexual orientation is, what your religion is, what your income is,  simply by looking at what’s known as the metadata, the information about the information that you transact. We cannot trust anybody to hold that kind of power without misusing it at some point."

Sinnreich says Target and the NSA are two sides of the same coin: Our data is being collected and used in ways we can’t control and that can mean an evil government trying to crush you or just some guy trying to charge a steak dinner to your AmEx card.

Follow Stacey Vanek Smith at @svaneksmith