Target looking to avoid second breach; 100 million dollar plan
Months after hackers cracked into Target’s systems and put millions of shoppers’ information at risk, the store is still working to find a way to avoid the same thing from happening again.
They’re not the only retailer making those moves.
The data breach that compromised the payment and personal information of up to 110 million customers during retail’s peak season is still shaking up Target and pushing other retailers to avoid similar situations.
On Wednesday, Target announced an overhaul of the way they handle information security.
The news included the departure of the company’s current tech chief, and the search outside current ranks for three new positions related to data security improvements.
meanwhile, the industry as a whole has been looking at solutions to Thwart Cybercrime, including some of the technology showed at a recent briefing by the National Retail Federation.
“We think that one of the most important elements of this debate is understanding how, how card technology is working or, or not working to protect the integrity of account numbers.”
Most of the improvements focus on the “chip and pin” technology used by many countries outside of the U.S., where the “Swipe and Sign” method is used. But the switch could be costly to retailers and financial service providers and would obviously take some time.
In the meantime, consumers should take their own precautions to protect credit and debit card information.