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That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not that EMV would have cured the reason for that breach, but let’s not get bogged down with details at the start of our story.
But in the world of identification fraud, there’s a greater sea change afoot, one that stretches farther than the impact on any one firm, or even the millions of adults targeted in the most brazen of breaches. billion in credit card charge-offs in the next year alone. The former has been around for a long time.
Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. The data is out there now, more than ever before – and, as he said, all stakeholders need to be proactive in the battle.
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