American Express Co. fell$. 06 or. 1 percent, to $90.63. Capital One Financial Corp. rose$. 02 or percent, to $72.75. Discover Financial Services rose$. 06 or. 1 percent, to $57.34.» Read More
WASHINGTON, Jan 23- The FBI has warned U.S. retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind of malicious software used against Target Corp in the holiday shopping season.
U.S. Secretary of Commerce Penny Pritzker, discusses using smart card technology to protect consumers from "sophisticated" hackers and the need for immigration reform.
The National Retail Federation is calling on the banking industry to switch from the easy-to-hack magnetic stripe to the more secure PIN and chip.
Stolen data from more than 100 million South Korean accounts has ignited a storm of anger and litigation.
After Target's data breach, investors and analysts are now circling companies that could benefit from a major upgrade in credit card technology.
NEW YORK, Jan 19- A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer.
*Attacks follow data thefts from Target, Neiman Marcus. BOSTON, Jan 17- A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp.
BOSTON, Jan 17- The cyber security firm IntelCrawler said on Friday it has uncovered at least six ongoing attacks at merchants across the United States whose credit card processing systems are infected with the same type of malicious software used to steal data from some 40 million credit cards at Target Inc..
*Fourth-quarter earnings $1.45/ share vs est. Jan 16- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported lower-than-expected quarterly results as net interest income fell in both its credit card and consumer banking businesses.
American Express's quarterly profit more than doubled as it gained from higher consumer spending during the US holiday season.
*Q4 earnings per share $1.45 vs estimates of $1.55. Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported quarterly results that missed estimates as net interest income fell in both its credit card and consumer banking business.
Jan 16- Credit card company American Express Co's quarterly profit more than doubled as customers spent more in the holiday season in the United States, its core market. American Express said worldwide spending on its cards rose 8 percent in the quarter ended Dec. 31, the biggest jump in four quarters.
Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a 2 percent rise in quarterly profit as it set aside less provisions to cover credit losses. Net income rose to $859 million, or $1.45 per share, for the fourth quarter ended December 31, from $843 million, or $1.41 per share, a year earlier.
Jan 16- Credit card company American Express Co's quarterly profit more than doubled as it gained from higher consumer spending during the U.S. holiday season. The company's net income rose to $1.31 billion, or $1.21 per share, for the fourth quarter ended Dec. 31, from $637 million, or 56 cents per share, a year earlier.
CNBC's Dominic Chu reports Neiman Marcus CEO Karen Katz has apologized for the customer card data breach. Neiman Marcus says malware has been disabled and sees no connection with the Target breach.
Jan 16- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. "This is being done as a precautionary measure," Citi spokeswoman Elizabeth Fogarty told Reuters in an email reply late Wednesday. Citi is not reissuing credit cards, the New York Times said.
Jan 15- As more cyber thieves steal personal and financial information, can you insulate yourself from the risk of having your money and identity stolen by giving up credit and debit cards? Many consumers are rethinking their use of plastic after a massive cyber attack on retailers such as Target Corp and Neiman Marcus.
In the wake of a large data breach at retailer Target Corp, you're going to be hearing more and more about embedded chip technology used overseas, along with personal identification numbers for credit cards. That's what happened to Lance Longwell, 37, of Ambler, Pennsylvania, when he tried to pay for a meal in Ireland in October.
The failure in the U.S. to adopt tighter credit card payment standards makes purchases more vulnerable to hackers, said the CEO of a leading smart card maker.
Martin Ferenczi, Oberthur Technologies CEO, explains how EMV technology helps safeguard consumers from credit card fraud.