Target To Speed Up Smart Cards After Security Breach

Target is accelerating a $100-million plan to develop chip-enabled smart cards with better security, after the company suffered a major cyber breach late last year. In an opinion article published in The Hill newspaper, Target’s chief financial officer John Mulligan wrote that since the data breach, Target has sped up its plan to have chips that keep customers’ personal data more secure in their REDcards by early 2015. That date is six months earlier than their original plan. Currently, cred...