Analyst: Banks Must Make Credit Card Accounts Useless To Data Thieves
The hack that chain retailer TJX disclosed last week demonstrates that banks must shoulder their share of responsibility and add protection to credit and debit cards, an analyst said Wednesday.
"Banks must own up to this problem and change their payment systems so that, even if data is stolen, it is useless to thieves," says Avivah Litan, an analyst with Gartner.
On Jan. 17, TJX -- which owns hundreds of T.J. Maxx and Marshalls department stores -- said that one or more hackers had broken into its computer network and made off with a still-to-be-determined number of customer records. Those records included credit and debit card account numbers, and in some cases names and driver's license numbers.
"Banks must own up to this problem and change their payment systems so that, even if data is stolen, it is useless to thieves," says Avivah Litan, an analyst with Gartner.
On Jan. 17, TJX -- which owns hundreds of T.J. Maxx and Marshalls department stores -- said that one or more hackers had broken into its computer network and made off with a still-to-be-determined number of customer records. Those records included credit and debit card account numbers, and in some cases names and driver's license numbers.
Read more at: Analyst: Banks Must Make Credit Card Accounts Useless To Data Thieves
posted by e-borneo.com @ 7:59 PM
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