Target was not the first nor last retailer to be the victim of a data breach. Dairy Queen says that 306 of it 4,500 stores were hacked in early October and more than 200 Jimmy John’s outlets were affected by a different bug in July.
On Oct. 17, Pres. Obama signed an executive order aimed at enhancing security measures for federal credit cards, which will add microchips and PIN numbers to government credit cards and debit cards beginning in January. He also urged retailers and banks to do the same in the fight against identity fraud. The White House said that Home Depot, Target, Walgreens and Wal-Mart stores will add secure chip and PIN-compatible card terminals in all of their stores by the beginning of 2015.
The National Restaurant Association and National Retail Federation applauded the executive order.
“We are pleased the Administration is taking the step to push for more robust payment technologies, such as chip and PIN, which have been used in other parts of the world for some time,” stated Scott DeFife, NRA’s executive v.p. He added that the restaurant industry will continue working with the White House at an upcoming summit on cybersecurity and consumer protection and will focus on other issues on payment security, such as encryption and tokenization.
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