The U.S. is the juiciest target for hackers hunting credit card information. And experts say incidents like the recent data theft at Target’s stores will get worse before they get better.That’s in part because U.S. credit and debit cards rely on an easy-to-copy magnetic strip on the back of the card, which stores account information using the same technology as cassette tapes.
“We are using 20th century cards against 21st century hackers,” says Mallory Duncan, general counsel at the National Retail Federation. “The thieves have moved on but the cards have not.”
In most countries outside the U.S., people carry cards that use digital chips to hold account information. The chip generates a unique code every time it’s used. That makes the cards more difficult for criminals to replicate. So difficult that they generally don’t bother.
“The U.S. is the top victim location for…
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