Steve Viuker, Banking New York, March 5, 2014
The massive credit and debit card breach at Target over the 2013 holiday season was only the largest of almost two dozen similar data breaches over the past year alone. But it’s the one that finally got the attention of both the banking and the merchant world to focus on the costs and consequences of a massive payment system that’s vulnerable to smart teenagers and the lack of vigilance on the part of employees and vendors. Davia Temin shares her thoughts on the matter and what the solution to this “form of financial terrorism” might be. […read more]