U.S. card data is low-hanging fruit for data thieves.
CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Qualified credit unions must use personalization processes and chip certification to match the faster program.
Risk control experts and credit union executives provide ways credit unions can limit losses from card data fraud.
WASHINGTON–Senate Judiciary Committee witness says Congress should follow Obama's 2011 plan that mandates breach reporting. Some businesses would be exempted.
WASHINGTON–Minnesota-based retailer considered chip-and-PIN 10 years ago for Target Visa REDcards, but scrapped it.
$38 million First Choice FCU of Pennsylvania files a class action suit seeking damages stemming from card data breach.
In advance of a Feb. 5 Commerce Committee hearing, House trio presses Target CEO for internal documents surrounding breach.
Even though malware can infect POS terminals, most need additional help to breach a retailer's computer systems.
Employee education, toolkits and member involvement can help minimize card breach damage, experts say.