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After the Target and Neiman Marcus data breaches compromised credit card data of more than 70 million American consumers, the banking and retail industries are coming to a consensus to move away from the swipe and signature system to the much more secure chip and PIN process available around the world.
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Despite news that hackers stole PIN data from the giant retailer Target during prime buying season, shoppers say they will still use their cards to ring up purchases there. Target says the PINs are encrypted, but security experts say that given time, hackers could still outwit the system.