NEW YORK (Reuters) – Target Corp’s decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
The pressure to boost security spending comes at a time when merchants are already spending millions to fend off online retailer Amazon.com and facing an October 2015 deadline set by payment networks Visa Inc and MasterCard Inc to accept new payment cards that store information on computer chips rather than on traditional magnetic stripes.
Feb 4 (Reuters) – Fifteen years ago, when Anu Aiyengar went
for an interview to become a mergers and acquisitions banker at
a major Wall Street firm, she got a stark, disappointing
“You have three strikes against you,” Aiyengar, who was born
in India, recalled the interviewer telling her. “How can I hire
you? You are the wrong gender, wrong color and wrong country.”