The second credit-card breach in three years at Kmart has once again forced credit unions, and other financial institutions, to deal with the repercussions of potential fraud involving their accountholders.
In the first of two-articles, security experts provide their take on the ramifications of card breaches on credit unions and businesses.
Sears Holdings, the parent company of Kmart, confirmed it experienced another malware-based data breach of its card processing systems. The company did not reveal how many of its 735 Kmart locations saw signs of a breach, but said it did not affect online purchases.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
