Target Data Breach Pits Banks Against Retailers - 47 ABC - Delmarva's Choice

Target Data Breach Pits Banks Against Retailers

Posted: Updated:

WASHINGTON (AP) - It's no battle of small fry as banks and big retailers go at it in the aftermath of the holiday season data breach at Target.
    
The two sides are doing some finger-pointing on the question of who bears more security responsibility.
    
The retailers say banks need to update the security technology for credit and debit cards.
    
The banks say even newer computer chip technology wouldn't have helped in the Target breach and it's up to retailers to tighten their payment processing systems.
    
Both industries come with considerable lobbying might and lawmakers are being bombarded with letters.
    
There is agreement that Congress should create a national standard for notifying consumers of data breaches.
    
Consumers, meanwhile, are caught in the middle and a recent poll finds nearly half are extremely concerned about the vulnerability of their personal data.
    
Four congressional committees have scheduled hearings this week.
    


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Skybox Giveaway - August 11

    Skybox Giveaway - August 11

    Win a SkyBox for you and 24 of your closest family and friends!More >>
    Win a SkyBox for you and 24 of your closest family and friends!
    More >>
  • Midway Speedway Giveaway

    Midway Speedway Giveaway

    Thursday, June 26 2014 7:57 AM EDT2014-06-26 11:57:18 GMT
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.