3/20/2023 0 Comments Union capital one phone numberThe average cost of a data breach in the U.S. Credit card companies have also beefed up fraud monitoring in the wake of high-profile data breaches that hit retailers such as Target and Home Depot. While the cards with chips are common these days, many merchants still rely on the older, less secure card-swiping equipment. JPMorgan Chase, Bank of America and Citibank began replacing customers' debit cards several years ago with more secure chip-based cards. Many major banks have sought to stem the risk of data breaches in recent years. The agreement includes up to $425 million in monetary relief to consumers. Last week, Equifax agreed to pay at least $700 million to settle lawsuits over the breach in a settlement with federal authorities and states.
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