Weak US card security made Target a juicy target
NEW YORK — The U.S. is the juiciest target for hackers hunting credit card information. And experts say incidents like the recent data theft at Target’s stores will get worse before they get better. That’s in part because U.S. credit and debit cards rely on an easy-to-copy magnetic strip on the back of the card, which stores account information using the same technology as cassette tapes.
Yes, the industry is moving toward chips in cards. A bit behind Europe in that technology, but it is coming and it is expensive.