Another Credit Card Breach

This time it hit Chicago owned Jewel - Osco stores.

The credit card companies and banks have apparently had enough and are changing the way your personal information is being stored on the card itself.

EVM chips are now the standard in Europe. (EVM standing for European Visa and Mastercard) and currently 18% of credit card holders in America have a card with this chip installed. Consequently merchant terminals are becoming obsolete.

"The parent company of Jewel grocery stores (Supervalu and Albertsons)

is alerting customers to a card fraud incident at some of its stores, including Jewel-Osco stores in Iowa, Illinois and Indiana.
“The new malware may have captured account numbers, expiration date, other numerical information and/or the cardholder’s name.  

AB Acquisition LLC, which operates Jewel-Osco, Albertsons and Shaw’s and Star Markets under New Albertson’s, Inc., said in a statement it was recently notified by its third party IT services provider of a “separate, more recent, attempted criminal intrusion seeking  to obtain payment card information used in some of its stores.” 

“The Company has been informed that different malware was used in this recently discovered incident than was used in the incident previously announced on August 14, 2014,” the statement goes on to say."

Okay I have a problem with this. First and foremost is WHY haven't consumers heard about this sooner? If this incident happened August 14 and it is now 2 days from October...Oh never mind.

The list of companies having credit card security issues growing on a near daily basis and these are just the ones being reported. Hobby Lobby, Home Depot. Target. ALL have compromised the personal information of their customers.

That is exactly why credit cards are now being issued with a special EVM chip that will require merchants to update their credit card processing terminals or be held liable for any consumer losses processed with a current mag stripe reader. Merchants will have until 2016 to update their systems.

For more information on EVM chip readers contact me at 417.396.2883