Hy-Vee, a chain of more than 245 supermarkets located throughout the Midwestern United States, is conducting an investigation into a data breach incident involving payment processing systems that is focused on transactions at some Hy-Vee fuel pumps, drive-thru coffee shops and restaurants.
Capital One, the second largest auto finance company in the United States, operates a Responsible Disclosure Program where researchers can disclose potential vulnerabilities via email.
Despite news coverage and social media frustration focusing on perceived shortcomings of credit cards with EMV chip technology, nearly 4 in 5 Americans view chip cards positively.
The risk of payment card fraud is real, driven by the momentum of eCommerce and its cashless consumerism, reliant on payment cards to perform so many transactions. However, the incidence of payment card fraud is expected to change.
It’s hard to believe that over a decade has passed since PCI DSS (Payment Card Industry Data Security Standard) was first introduced in 2004 as the information security standard for organizations that store, process or transmit cardholder data. Although it’s become a mature industry standard, two problems remain.
So, here we are, living in the “future”… many of us now finally have chip cards; the G20 nations are all in the post “liability-shift” world; we’re all expecting to be living in the new paradigm.
The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN to minimize risk.