By Ross Kerber and Phil Wahba BOSTON/NEW YORK (Reuters) - A top retail trade group executive on Sunday called for tougher security standards that could mean more spending for the industry, its banks and business partners after a series of data breaches at major merchants. Stores and card processing companies have reported a steady stream of security breaches for years without a major backlash from consumers, such as those disclosed by TJX Cos in 2007 and by Heartland Payment Systems Inc in 2009. But the latest thefts - including attacks on Target Corp and Neiman Marcus - have involved a broad set of merchants and could mark a watershed moment for security standards as calls grow for changes in the protection of consumer information. One sign of the change is a new enthusiasm for payment cards that store customer information on computer chips and require users to type in personal identification numbers.
via Tech News Headlines - Yahoo News http://news.yahoo.com/data-vulnerable-retailers-look-tougher-security-063309298--sector.html
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