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.
JPMorgan Chase & Co has revealed that the personal information of 83 million accounts were exposed when the company’s computer systems were infiltrated this year, making the data breach one of the largest in history.
Just fewer than half of Americans say that a retailer, bank or credit-card company has told them or a household member that their payment card details were stolen in a data breach, according to the latest Wall Street Journal/NBC News poll.
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