TRY FOR FREE

Another U.S. Retailer becomes a Victim of Card-Payment Fraud

Why can’t the $100 billion security industry stop hackers? Despite technological revolutions, hackers are still invading industrial systems to retrieve confidential information, leading to a rise in the number of fraud cases and hacks in recent years. A recent case has come to light highlighting the largest-ever retailer in the U.S. to have become a victim of card-payment fraud.

U.S. supermarket chain Supervalu recently admitted to hacking and loss of customer card data. The company faced intrusion in the network that processes payments for some of its 3,320 stores. The data breach is believed ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED