En español | Sure, buying holiday gifts with cash or debit cards avoids interest charges and forces you to stay within a budget to prevent overspending. Occasionally, cash purchases may even qualify you for a discount when merchants can avoid paying transaction “swipe” fees.
While breach-fatigued retailers work to reduce the theft of their customers’ plastic-payment data, scammers have turned their focus to stealing card details at the ATM.
About 90 percent of checkout payment card readers, like those implicated in last year’s string of retailer data breaches, currently use the same password. Reason: The default setting hasn’t been changed – either by its manufacturer, middlemen vendors or retailer clients that purchase the devices.
Maybe you are among the 110 million Target shoppers whose payment card or personal information was hacked during the recent holiday shopping season. Perhaps you are one of the 1 million-plus Neiman Marcus customers whose data was exposed in a 2013 breach just recently announced.
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