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.
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.
New and subtle business models are emerging for cybercriminals, boosting their sales of stolen data and offering new ways to inflict damage on target organisations. Hackers are commercialising stolen data by selling it back to legitimate businesses, one security expert has warned.
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