Neiman Marcus Credit Cards Hacked

Unclear if any relation to massive Target security breach

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Luxury retailer Neiman Marcus confirmed Saturday that customer’s credit and debit card information may have been compromised, following evidence of hacking in mid-December.

The company did not reveal how many customers had been or would be affected, but said it was in the process of notifying card holders whose accounts may have unauthorized charges, the Associated Press reports.

Target announced in December that it was the victim of a cybersecurity attack over the holiday season, and recently raised its estimates on the number of affected customers from 40 million to 70 million. It is unclear if the two security breaches are related.




It's remarkable we still use Credit Card legacy technology, which is incredibly insecure.  This is one of the nice potential benefits of using something like Bitcoin.  If you were to pay in Bitcoin at, say, Target, there would be none of your personal information on Target's end to be "hacked".  This is analogous to if you paid in physical cash.  If you had $100 in your wallet when you went to Target, and you spent $20, no hacker could access the other $80 in your wallet (physical or electronic), because Target doesn't have access to your wallet.