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.
New research suggests more than 1 billion data records were stolen from more than 1,500 individual data breaches last year. The latest findings from Gemalto, an enterprise security firm, represent a significant year-over-year increase in both corporate breaches and data theft.
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.
SAN FRANCISCO—Privacy and security are in a necessary but inevitable tension, reflected former Secretary of State Hillary Clinton while speaking at data storage and software provider Nexenta’s OpenSDx Summit on Thursday.
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