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Theft of Target data may not be what it seems

January 11, 2014
The Marietta Times

It's convenient, that during the Christmas season when millions of shoppers are scrambling to get gifts and breaking out those credit cards to make purchases, Target confirms that over 40 million credit card numbers and their pins were directly stolen through a glitch in their transaction system which exposed the data for hackers to gain access. This means that the Target glitch, its successive break-in by hackers, has become one of the largest intentional breaches in American credit card history. Conveniently, banks and credit industry leaders are coming in for the rescue, wanting to use "new" card designs that have been "popular" in Europe and elsewhere that utilize RFID chips or integrated circuits in the cards to hold the information "more securely" than magnetic strips. Supposedly.



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