Credit Cards & IP

April 11, 2012
The intellectual property behind credit cards

Credit Cards & IP

In 2007, in one of the largest recorded credit card frauds in history, the TJX group (which includes T.K. Maxx in the UK) discovered that the details of almost 46 million customers had been stolen from their servers in both the US and UK, made possible by issues in network security, then used to create dummy cards. Albert Gonzalez, the man behind these thefts was jailed in 2010 for 20 years for this and multiple other credit card frauds. Since the inception of the payment card countering fraud has been a driving force behind technological innovation in the area. Read full Credit IP report here  

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