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Visa Inc and MasterCard Inc launched a cross-industry group to improve security for credit card transactions.
Target is looking for a new chief information officer following the resignation of CIO and executive VP of technology services Beth Jacob.
The U.S. Supreme Court agreed to hear a case that could determine whether companies such as Amazon.com Inc. must pay workers for the time they spend waiting to clear security checks at the end of their work shifts.
According to a new local law, businesses in White Plains, N.Y., are now required to record quality video of patrons and provide that recording to police on demand. The law was passed last week unanimously by the Common Council, requiring certain merchants to install and maintain digital video camera systems to view and record quality video of everyone who enters.
The rash of attacks against Target and other top retailers is likely to be the leading edge of a wave of serious cybercrime.
Target Corp will speed up a program to implement the use of chip-enabled smart cards to protect against cyber theft.
Visa CEO Charlie Scharf is pushing for advances in payment technology and security.
An intruder stole a vendor's credentials that were used to access Target's system and cause its massive security breach last year.
While American shoppers say they are very concerned about the safety of their personal information following the massive security breach at Target, many aren’t taking steps to ensure their data is secure. Just 37 percent of surveyed consumers have tried to use cash for purchases rather than pay with plastic, and only 41 percent have checked their credit reports. Even fewer have changed their online passwords at retailers’ websites, requested new credit or debit card numbers, or signed up for a credit monitoring service.
33 percent of terrorism attacks in 2013 affected the retail sector, and 18 percent of attacks took place on the transportation sector. Retail environments, such as public markets, remain vulnerable to attack, as seen in the Kenyan mall shooting.