This Data Breach alert was published at 24.08.2021 14.28 on Data Breach Today.
|Mastercard Announces Timeline for Phasing Out Magnetic Stripes. What Took So Long?|
Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, magnetic stripes will be extinct. Given magnetic stripes’ many security downsides, what’s taken so long?