National Retail Federation calls for higher-security cards

National Retail Federation calls for higher-security cards

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The National Retail Federation (NRF) says retailers ought to upgrade to higher-security cards which utilize computer chips following announcements by some retailers that customer data security had been breached.

Target admitted late Friday that over 100 million customer accounts were breached between Black Friday and mid-December.   On Saturday, luxury merchant Neiman Marcus confirmed that thieves stole some of its customers' payment card information and made unauthorized charges over the holiday season.

READ MORE ABOUT TARGET SECURITY BREACH HERE

Neiman Marcus didn't say whether the breach was related to the massive data theft at Target, but some security experts believe they could be part of the same scam.

READ MORE ABOUT NEIMAN MARCUS SECURITY BREACH HERE

It still isn't clear whether "chip-and-pin" cards would have stopped the security attack on Target or Neiman Marcus, but experts think it would have made it more difficult for stolen data to be re-used.

The breaches are "unfortunate," said Mallory Duncan, general counsel of the NRF, "but we're not entirely surprised." 

Even more retailers may have been hit starting at Thanksgiving, law enforcement warns.

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