credit card theft

Business
2:42 am
Thu January 23, 2014

Target Hack A Tipping Point In Moving Away From Magnetic Stripes

A cryptographic chip embedded in a British debit card. America is nearly alone in still relying on magnetic stripes to authenticate purchases.
Christopher Furlong Getty Images

Originally published on Thu January 23, 2014 2:01 pm

The credit and debit card data breaches at Target and Neiman Marcus compromised more than 70 million American consumers, and analysts say even more of us are at risk. That's because the technology we use to swipe for our purchases — magnetic stripes on the backs of cards — isn't hard for a skilled fraudster to hack.

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Business
10:12 am
Sun December 29, 2013

Target's Word May Not Be Enough To Keep Your Stolen PIN Safe

Customers say they will still use their cards at Target, despite the security breach. The company's stock has been down since the news of the hacking.
Joe Raedle Getty Images

Originally published on Mon December 30, 2013 6:53 am

The giant retailer Target continues to feel the fallout from a massive security breach at its stores. The latest revelation: Hackers who stole credit and debit card numbers this holiday season also collected encrypted personal identification numbers.

But Brigitte Clark had no worries as she left a Target in Los Angeles on Saturday morning, her cart full of groceries.

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