Young adults (52 percent) and mobile payers (58 percent) are especially likely to avoid the new chip cards.
Federal authorities have brought broader and more serious charges against a trio of hackers allegedly behind the massive data breach of the nation’s largest bank, JPMorgan Chase, and other cyber attacks against financial institutions.
Big banks reportedly are trying to restrict the stream of financial data moving into personal-finance sites and applications that help consumers with budgeting, paying bills and keeping track of all banking and investment accounts.
Talk about irony. Scammers are using the national switchover to chip-based credit and debit cards — which are suppose to be more secure — as bait in phishing expeditions.
“Amazon is bringing this action to protect its customers from this misconduct, by stopping defendants and uprooting the ecosystem in which they participate.”
Target is re-issuing all its REDcard credit and debit cards as “chip and PIN” cards, which means that customers will have to memorize yet another personal identification number when using their new — and more secure — chip-based payment cards
“A data security breach that affected Experian’s credit report files would be a terrifying and unmitigated disaster.”
Most big credit card issuers don’t want to burden customers with memorizing yet another PIN, or are not willing or able to make that jump.
The latest uncovered cyberattack on consumers’ personal information hit online stock brokerage Scottrade, possibly affecting 4.5 million clients. The attack actually took place from late 2013 to early 2014. Unfortunately,…
The hacked records contained a consumer applicant’s name, address, Social Security number, date of birth, identification number (typically a driver’s license, military ID, or passport number) and additional information used in T- Mobile’s own credit assessment, Experian said.