Chip & Pin retail security riposte: Know-how no help; only eases risk?

CLEVELAND, USA: In the days following news abuzzing that – Targets compromised were copiously loftier than initially reported, affecting 110 million customers as opposed to 70 million, with retailer Neiman Marcus pronouncing that they too were hacked. What trailed thereafter was a rash of security and retail connoisseurs offering up chip and pin technology as a solution to this problem.

Experts at SecureState, a management consulting firm specializing in information security, disagree, affirming that technology will not solve this problem; it will only condense risk.

“It’s 2014. We expect retailers of this magnitude to have better security, weigh their risks and spend the resources necessary to secure their data,” Ken Stasiak, SecureState CEO quipped.  Volumnising further thus, “They don’t because consumers and the government don’t demand it, and before we talk about chip and pin businesses have to spend more on security.”