3 Reasons Card Data Breaches Are Here to Stay
The Target breach is just the beginning, experts told Credit Union Times. Thieves will continue to find ways to access valuable financial and personal data.
Here are three reasons why:
The second reason data breaches are here to stay is because thieves have gotten better at writing programs to steal the card data, industry watchers have found.
Assuming the two different parts of the payments industry remain divided and criminals continue to develop novel attacks on payment systems, how can such efforts be countered and fraud losses limited?
First, some experts agree it is never too late to re-emphasize basic computer security and procedures. At press time, retailer Target acknowledged that the malware that infected its POS terminals was introduced by someone who stole the credentials of one of its vendors in order to gain access.