Target security breach likely to speed adoption of more secure chip-based cards in U.S.

摘要

The recent Target credit card breach is set to generate a boom in demand for higher-security, dual-interface cards, with U.S. shipments forecast to surge twenty-fold from 2013 to 2018, according to a report from IHS Inc. Shipments of the higher-security cards to U.S. consumers will grow from 12.6 million in 2013 to 251.2 million by 2018, according to the report "Payment and Banking Cards-World-2013." An estimated 40 million credit card records and 70 million other records were stolen from Target customers during the 2013 holiday season, representing one of the largest credit card breaches in history.