Confusion over what chip and PIN technology can and can't do has experts questioning if EMV implementation is a good idea.
New information shows that the threat was identified, but was not considered large enough to warrant immediate response,
Retail federation says without PINs, chip cards make little sense. Visa and MasterCard disagree.
Technology blogger Brian Krebs reported the Sally Beauty breach Wednesday.
Data collected by CUNA and the Consumer Bankers Association covers only the cost of card replacement.
Decision to close and reissue compromised cards cut fraud rate to fewer than 1% of customers.
A joint release from the credit union and bank trades says $200M only covers the costs of card replacement.
Credit union trade associations turn down an offer to join bankers and retailers in a pledge to collaborate on data security.
Responding credit unions report 14% of all cards affected by Target breach, including 9.3% of all debit card and 4.3% of outstanding credit cards.
U.S. financial data is low-hanging fruit for thieves, experts say.