Quote:
Originally Posted by Shane R
No, they have not. But Target has thousands of registers in the US and it's unlikely that each register was hacked. Reading the article below between the lines says to me that the problems occurred during processing. Not at the registers, but at the point where Target aggregated the transactions from the registers and transferred them to the banks or credit card companies.
The article says every Fortune 500 company is under similar attack and part of the problem is that the US is the only major country still using the magnetic strip cards, a payment technology from the 1960s.
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Yeah agree it was a network hack not the actually terminal as I said it previous posts the company that handles the swipes is the one that was hacked. No one has talk about who that is though. Does Target have their own. It seems that may be the case.
From what I read It did not happen at processing. It happen at swiping which are two different authorizations. You swipe once to enter the system then at the end you hit okay for the transaction to be approved which goes to a different company. If it happen at processing then it would be the credit card processor fault not Target and this has happen many times with different processors being hacked over the years. This is a new kind of hack it happen in St Louis a few months back at the Schnucks store which is a major local chain there. I am from St Louis so I am familiar with the grocery store. So somehow the terminals are being hacked so even if a transaction is never authorized to the end the minute you swipe the card the info is stolen. Pretty scary stuff.