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To the Point

Credit Card Safety in the Age of Cybercrime

To the Point

KCRW

News

4.4583 Ratings

🗓️ 14 February 2014

⏱️ 52 minutes

🧾️ Download transcript

Summary

Target is only the biggest American business hacked for financial information, and the US is behind the curve when it comes to preventing more cybercrime. We hear about the ongoing risks to consumers and what might need to be done.

Transcript

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0:00.0

From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

0:08.1

Credit card safety in the age of cybercrime.

0:14.9

Hello again, I'm Aronalni, and this is To the Point from Public Radio International,

0:18.6

a daily look at the issues Americans call about most.

0:21.1

When Target was hacked for credit and debit card data as well as personal information,

0:25.4

110 million accounts were involved. The FBI says that's just the beginning. Not all compromised

0:31.6

businesses have been publicly identified, and cyber criminals are increasingly sophisticated.

0:37.2

But banks, retailers, and policymakers are reportedly dragging their feet,

0:41.1

with only 11% of businesses adopting available security measures.

0:45.0

How long will it take the U.S. to upgrade credit and debit cards?

0:48.9

In the meantime, how vulnerable are consumers?

0:52.1

Is cybercrime a cost of doing business that will ultimately be passed on?

0:56.9

First, here's the news.

1:00.9

Listen to KCRW's 24-hour all-news channel.

1:04.7

Stream BBC World Service, NPR and KCRW programs.

1:09.3

Continuous coverage and accessible via our smartphone app or online at kCRW.

1:18.6

Support for To The Point comes from the members of KCRW and from the Public Radio International Program Fund.

1:25.6

Hello again, Warren Alney, back with To the Point.

1:32.3

Target is only the biggest American business hacked for financial information, and the U.S. is behind the curve when it comes to preventing more cybercrime and protecting credit and debit cards.

1:38.6

We'll hear about the ongoing risks to consumers and what might need to be done.

1:42.8

First is news update. Syrian rebels and their Western supporters have insisted that talks in Geneva are aimed at removing President Bashar al-Assad.

1:50.9

As the second round ended today, Russia explicitly rejected any discussion of that possibility.

...

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