60 Minutes Segment on Credit Card Data Security

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.

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