How the Jewelry Industry Is Battling Credit Card Fraud—and What You Can Do
Hackers are conspiring to access your customers’ credit card data right now. Here’s how you can thwart them.Credit card breaches at Target, Neiman Marcus, and Michael's last year sent shock waves through the public, after hackers installed malware on point-of-sale (POS) terminals at all three chains and copied data from more than 40 million credit cards.Now retailers are doing everything they can to bolster payment security, and jewelry sellers may be particularly vulnerable. No one wants to be the next bad-news headline, and not many want to talk about it.The truth, however, is that credit card fraud is on the rise—both in-store and online—and it doesn’t help that the United States is one of the last economies to migrate to an EMV payment system. (EMV stands for EuroPay, MasterCard, and Visa, the firms that set the standard in 2002 for encrypting identifying information on
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