INSUFFICIENT MEASURES: Target Corp's decision to speed up a US$100mil (RM332.25mil) programme to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers. — Reuters
NEW YORK: Target Corp's decision to speed up a US$100mil (RM332.25mil) programme to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
The pressure to boost security spending comes at a time when merchants are already spending millions to fend off online retailer Amazon.com and facing an October 2015 deadline set by payment networks Visa Inc and MasterCard Inc to accept new payment cards that store information on computer chips rather than on traditional magnetic stripes.
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