Target Breach Spells End for Magnetic Stripe Cards in 2015
ID: 324c507f-848f-5c5b-b9fd-72a785ea19d1
STIX ID: report--324c507f-848f-5c5b-b9fd-72a785ea19d1
Feed Name: Security Ledger
Threat Score
The article describes how massive retail payment-card data breaches affecting tens of millions of customers prompted Visa and MasterCard to mandate a transition to EMV 'chip and PIN' technology and implement an October 2015 liability shift to encourage banks and merchants to adopt more secure cards; Visa also set an earlier EMV requirement for ATMs. The piece focuses on industry policy changes and the reputational and business drivers behind the move rather than the technical details of the intrusions.
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