Stores Blame Checkout Software For Security Breaches
David Bank reports for the Wall St. Journal on a lawsuit filed by BJ's Wholesale Club against IBM seeking compensation for losses following a compromise of credit card information.
The sensitive information encoded in the magnetic stripe on credit cards "was out there more than we thought," says John Shaughnessy, senior vice president for risk management at Visa USA. These secret codes are "jewels" for thieves, Mr. Shaughnessy says. "The fact that it's stored anywhere is troublesome."
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