Following a string of high-profile data breaches last year, Visa and MasterCard handed down a requirement that all merchants transition to the more secure chip-enabled credit card payment system by October of this year. While several major retailers have already made or are in the process of making the switch, a new report finds that many small business owners don’t even know about the deadline – or the potentially costly consequence of not meeting it. [More]
If it feels like we hear a whole lot of stories about retail data breaches here in the U.S., well, that’s because we do. Americans are super duper popular targets for card hacks and fraud, and it’s for one simple reason: our credit card security is bad and should feel bad.
Times used to be, a person worried enough about pickpockets to keep personal belongings clutched as close as possible while walking through that dark alley, possibly filled with ruffians. But nowadays, the crime Americans worry about most is another kind of thievery, one you can’t protect yourself against by sticking to well-trafficked streets — namely, that of the credit-card hacking kind.
After a bunch of stolen credit card numbers were reportedly found for sale earlier this month on the underground market where one buys such things, all linked by the common denominator of Sally Beauty customers, the company said today that credit-card data of fewer than 25,000 customers records was illegally accessed and it’s possible that info was stolen. [More]