NBCC: Credit card fraud – we are all vulnerable
As the holiday shopping season approaches, people will descend in a frenzy onto retail stores large and small to spend their hard earned money on gifts for their loved ones. And with so many of these folks using credit and debit cards for purchases this is a perfect reminder to retailers that they must do everything in their power to protect customers from credit fraud.
In the years since millions of customers were victims of data breaches at large retailers like Home Depot and Target, banks and credit card companies have taken initiatives to make sure their customers’ information is protected and their money safe. Improved technology like credit card chips have made cards more secure. Banks have fortified their customer databases with stronger firewalls against hackers.