After Hacking, Targets Improves the security

Giant retailer Target is still didn’t recover from the hacking occurred last month with heavy credit card attacks. The attack affected 110 million customers worldwide, to prevent this massive attack in the future Target start taking the precaution and becoming much more security focused. The company started taking the help of Fraud Detection tools to prevent such huge hacking. The Credit card for the buying the product, will come with a small microprocessor chip, which firm claim to improvise the security up and make hacking more difficult for Cyber Criminals. Target begins this $100 million program before the attack but due to the breach the speeding up it.

Chief Operating Officer Mulligan said “For consumers, this technology differs in important ways from what is widely used in the United States today. The standard credit and debit cards we use now have a magnetic stripe containing the customer's information. When first introduced, that stripe was an innovation. But in today's world, more is needed, He added-- technology should be ready for customers on Target's REDcards by early 2015. The latest 'smart cards' have tiny microprocessor chips that encrypt the personal data shared with the sales terminals used by merchants. Why is such a change important? Even if a thief manages to steal a smart card number,it's useless without the chip.”

Consumer from UK and Canada already using these processor enabled smartcards, US customers will get this technology latter in 2015. Mulligan reported that UK credit Card fraud has cut off 67% since 2004, Canadian credit card fraud cut down to 72% in 2012. Still some security experts questioned this by saying hacker will find some other way to steal money from users. Company is very eager to have user to adopt these chip enabled smartcard to fight with credit card fraud activity.


Here is a little video says thieves selling Target Credit card info online