60 Minutes segment on credit card data security
Posted on Tuesday, November 27, 2007
60 Minutes recently did a segment on credit card data security. They primarily reported on vulnerable wireless networks and how criminals exploit this to steal sensitive customer data from retailers. I thought they did a disservice letting the National Retail Federation make such unfounded and overreaching claims. I’m not sure why this continues to be a misunderstanding by most, but merchants are not required to store the credit card number (PAN) or other card holder data after settlement.
