With hackers stealing millions of credit and debit card numbers with seeming impunity from Target, Home Depot, and other retailers lately, it might seem as if there’s nothing the average consumer can do to protect themselves.
As U.S. banks and retailers are barreling toward a 2015 deadline to replace magnetic-stripe credit and debit cards with more secure cards that come embedded with a microchip, researchers have announced a critical flaw in the card system.
SAN FRANCISCO — Bob Foreman’s architecture firm ran up a $166,000 phone bill in a single weekend last March. But neither Mr. Foreman nor anyone else at his seven-person company was in the office at the time. “I thought: ‘This is crazy. It must be a mistake,’ ” Mr. Foreman said.
Thank you for visiting USSPI. The U.S. Strategic Perspective Institute is an independent, non-partisan, 501(c)3 non-profit, public policy think tank devoted to helping America solve some of its toughest operational problems including jobs, international competition, healthcare, the environment, government transparency, and cybersecurity.
Please join our mailing list. If you subscribe, you will be asked to confirm your subscription. You promise to contact you only when it is important. You will be able to unsubscribe at any time.
This form will only be shown once during this session. Thanks!