National Retail Federation calls for higher-security cards
The National Retail Federation (NRF) says retailers ought to
upgrade to higher-security cards which utilize computer chips following announcements by some retailers that customer data security had been breached.
late Friday that over 100 million customer accounts were breached between Black Friday and mid-December. On Saturday, luxury merchant Neiman Marcus confirmed that thieves stole some
of its customers' payment card information and made unauthorized
charges over the holiday season.
It still isn't clear whether "chip-and-pin" cards would have
stopped the security attack on Target or Neiman Marcus, but experts think it would have made it more difficult for stolen data to be re-used.
The breaches are
"unfortunate," said Mallory Duncan,
general counsel of the NRF, "but we're not entirely surprised."
Even more retailers may have been hit starting at
Thanksgiving, law enforcement warns.