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Hackers Stole 40 Million Credit, Debit Card Numbers From Target

Right in the middle of holiday shopping season, some 40 million credit and debit card numbers were stolen in a major breach of Target customer data. The thefts occurred in stores, not online. Target says it's working with a forensics company to investigate and prevent similar data thefts from occurring in the future. Security experts say one way to limit them is to switch from magnetic stripes on cards to embedded chips.

This illustration picture shows debit and credit cards arranged on a desk on April 6, 2020 in Arlington, Va. Americans are using their credit cards more to pay for everyday expenses at a time when interest rates are rising.

Americans are piling up credit card debt — and it could prove very costly

More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.

Americans are struggling to pay off credit card debt; Tiny Desk Contest's 2024 winner

Nearly 1 in 5 Americans have maxed out their credit card borrowing, according to the Federal Reserve Bank in New York. Tiny Desk Contest crowns its 10th anniversary winner.

The U.K., Canada and other countries have been using more secure chip credit cards for years now. Why hasn't the U.S. caught up?

Outdated Magnetic Strips: How U.S. Credit Card Security Lags

Thieves responsible for Target's massive data breach may have stolen information stored on magnetic strips on credit cards. Canada, the U.K. and other countries have been using more secure cards with microchips for years.

Some credit card companies may be devaluing rewards illegally, CFPB says

The Consumer Financial Protection Bureau said some credit card companies may be devaluing points and airline miles illegally. NPR's Sarah McCammon talks to Nick Ewen of The Points Guy.

For Sex Industry, Bitcoin Steps In Where Credit Cards Fear To Tread

Trying to crack down on sex trafficking, authorities have been going after online ads for adult services. Some in this industry have found a workaround to stay under the radar: cyber currency.

Kmart says it has removed malware that had infected its checkout registers in stores. The company believes the malware may have been in place for about a month before it was detected.

Kmart Says Its Store Registers Were Hacked, Exposing Credit Cards

The Sears-owned company says it removed the malware after it was discovered Thursday. It announced the exposure late Friday, saying no personal data or PIN numbers were lost.

Visa is joining Mastercard and American Express in plans to separately categorize sales at gun shops, a change that gun control advocates consider a win.

Major credit card companies are making it easier to track gun sales

The move will likely provoke the ire of gun rights advocates and lobbyists, who have argued that categorizing gun sales would unfairly flag an industry when most sales do not lead to mass shootings.

A change in fortune: In just two years, Americans have gone from near record savings and plunging debt, to near record-low savings and sky rocketing credit card debt. What happened?

Credit Card Nation: How we went from record savings to record debt in just two years

U.S. consumers had the highest savings rate on record in 2020 and credit card debt was plummeting. Now our savings is gone and debt is surging. What happened?

New Rule Opens Credit Card Companies, Banks To Class-Action Suits

The Consumer Financial Protection Bureau said the new regulation, set to take effect in 60 days, would prevent financial institutions from requiring that disputes be settled by arbitration.

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