SECURITY: Target is a joke; it’s the card companies

Target denies PIN data was compromised after insider claims encrypted personal info was stolen along with 40 million credit and debit card numbers
Target hackers allegedly stole encrypted PINS in ‘sophisticated’ operation
The retailer says it has learned of some scam emails related to breach but doesn’t have specific information as to how it happened
Details of 40 million credit and debit card accounts stolen between November 27 and December 15
Target claimed Wednesday that encrypted personal ID numbers were not accessed by hackers
Target faces at least 15 lawsuits seeking class action status
PUBLISHED: 15:56 EST, 24 December 2013 | UPDATED: 15:29 EST, 25 December 2013

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Target Corp is crying foul on insiders who recently told the media that encrypted PINs were stolen along with more than 40 million credit and debit card numbers in the retail behemoth’s catastrophic data breach.

The hackers who attacked Target Corp and compromised more than 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers, according to a senior payments executive familiar with the situation told Reuters.

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The “card” companies are too cheap to put in a better level of security on the cards.

They could “chip” them or at least put photos on them.

The industry has many ways to tighten up the controls, but that translates into money.

As long as fraud stays low, they are happy to eat it.

Unless the cost equation changes, not much will happen.

You have to laff at the politicians and bureaucrats who are on TV pontificating. 

They are the ones who created this mess. 

Without Social Security Number, no of this nonsense would be possible.

So like Harry Browne said: “Government is good at one thing: It knows how to break your legs, hand you a crutch, and say, ‘See, if it weren’t for the government, you wouldn’t be able to walk.'”


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