|Target Cards: Easy for Hackers to Infiltrate|
|by Tom McGregor||Sun, Dec 22, 2013, 07:08 PM|
First Lady Michelle Obama and her two daughters are big fans of shopping at Target SuperCenters. Michelle is frequently seen shopping there. But she may want to reconsider using her Target Rewards Card.
The Houston Chronicle reports that, "The U.S. is the juiciest target for hackers hunting credit card information. And experts say incidents like the recent data theft at Target's stores will get worse before they get better. That's in part because U.S. credit and debit cards rely on an easy-to-copy magnetic strip on the back of the card, which stores account information using the same technology as cassette tapes."
Mallory Duncan, general counsel at the Retail Coincil Federation, is quoted as saying that, "We are using 20th Century cards against 21st Century hackers. The thieves have moved on but the cards have not."
According to the Houston Chronicle, "In most countries outside the U.S., people carry cards that use digital chips to hold account information. The chip generates a unique code every time it's used. That makes the cards more difficult for criminals to replicate. So difficult that they generally don't bother."
Jason Oxman, chief executive of Electronics Transactions Association, added, "The U.S. is the top victim location for card counterfeit attacks like this."
To read the entire article from the Houston Chronicle, link here:
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