Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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JPMorgan’s Dimon: More Target-like breaches will occur unless retail, banks work together
– canadianbusiness.com
NEW YORK, N.Y. – More Target-sized security breaches will happen if banks and retail stores don’t start working together to further protect customers’ data, JPMorgan Chase’s CEO Jamie Dimon said Tuesday.
JPMorgan has replaced 2 million credit and debit cards as a result of the Target breach, Dimon said. That number is expected to rise. JPMorgan is the world’s largest issuer of credit cards.
Dimon expects that cybercrimes such as the Target breach will become more common if retailers and banks do not work on security, he said.
“This story is not over, unfortunately,” Dimon said in a conference call with investors following the bank’s fourth-quarter earnings announcement.
In December, Target said 40 million credit and debit card accounts — including customers’ card numbers, expiration dates, debit-card PINs and the embedded code on the magnetic strip on the back of cards— were stolen in a data breach that happened between Nov. 27 and Dec…
JPMorgan has replaced 2 million credit and debit cards as a result of the Target breach, Dimon said. That number is expected to rise. JPMorgan is the world’s largest issuer of credit cards.
Dimon expects that cybercrimes such as the Target breach will become more common if retailers and banks do not work on security, he said.
“This story is not over, unfortunately,” Dimon said in a conference call with investors following the bank’s fourth-quarter earnings announcement.
In December, Target said 40 million credit and debit card accounts — including customers’ card numbers, expiration dates, debit-card PINs and the embedded code on the magnetic strip on the back of cards— were stolen in a data breach that happened between Nov. 27 and Dec…
