Los Angeles Times-2/16/14: Consumers shellshocked by the escalating size and frequency of payment card hacks like the one that recently struck Target aren’t likely to get much relief any time soon…A belated switch to credit cards with encrypted chips is set to kick in next year, but security experts are skeptical of its ability to keep cybercriminals at bay. And despite the growing costs of payment card hacks, the retailers, card companies and banks responsible for safeguarding consumers’ financial information continue to butt heads over how best to stem the losses.
Click to read more: http://www.latimes.com/business/la-fi-payment-cards-20140216,0,182779.story#ixzz2tbzYMBq2

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