As we head into the holiday shopping season, one thing that everyone is looking forward to is the flash of plastic sliding out of wallets all across America. It’s the make or break time for retailers everywhere and season for dedicated shoppers to show their prowess for hunting down bargains. All of it is fueled by credit cards, both online and in person.
But before you whip out the card is there someone waiting to give the term “swipe a card” a different meaning? You may think you can trust a retailer, but can you be sure that they aren’t already a victim of a hacker? The short answer is no, you can’t be sure of anything this year. And a series of high profile hacks throughout 2014 have shown us that the entire credit card system needs to be judged as insecure by everyone.
And hardly anyone in the mainstream media is talking in these terms, probably to avoid the reasonable panic that would ensue.