OK-SAFE, Inc. Blog

October 25, 2012

Data Breaches? Cash is king when it comes to Security

OK-SAFE, Inc. – Proponents of electronic payments systems often claim they are a more “secure” means of transaction.  Not so – data breaches (and identify theft) have escalated ever since their adoption.

Just imagine what kind of breaches will be forthcoming with the adoption of electronic health records.

From a Sun Times article, dated October 24, 2012:

Want to avoid the next big data breach? Expert says use cash.

BY JON SEIDEL Staff Reporter jseidel@suntimes.com October 24, 2012

Customers jarred by news that credit and debit card devices at seven Chicago-area Barnes & Noble stores and 63 nationwide have been tampered with have at least one option for defending themselves, an expert said.

“The simple answer is pay cash,” said Jacob Furst, a professor at DePaul University specializing in information security.

Barnes & Noble has warned its customers to check for unauthorized transactions and to change their personal identification numbers, or PINs. It didn’t say how many accounts may have been compromised, but it said only one of the “PIN pad” devices was tampered with in each of the compromised locations.

Those locations include the Chicago stores at 1130 N. State and 1441 W. Webster, and the suburban locations in Crystal Lake, Deer Park, Deerfield, Evanston and West Dundee. Adam Didech dropped in and bought three books Wednesday at the State Street store, where he’s shopped for more than a year. He said he’s pretty protective of his bank and credit card accounts and monitors them regularly.

“I don’t use my credit card for a lot, and so it’s pretty easy for me to get a sense of when something’s gone wrong,” Didech said.

End of excerpt. Rest of article here.


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