Polo plugs security hole
At least two banks, HSBC Holdings in London and Citigroup in New York, have notified more than 180,000 cardholders that had shopped at the chain about the potential breach, advising some of them to close their accounts and open new ones, according a report last week in the Wall Street Journal.
The incident is one of the latest in a string of high-profile, consumer-data theft cases. Major credit card companies, including Visa USA and MasterCard International, are now banding together to force merchants and their banks to better protect credit card information.
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