Marketplace for Monday, December 23, 2013
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Apple and China Mobile announce a deal that could potentially put the iPhone into the hands of 700 million new Chinese customers. Next, we all know about the big Target hack that compromised the debit cards of millions of Target’s shoppers. What made the company and makes so many American companies vulnerable to this kind of attack: the magnetic strip. Why are we still using it when so many other countries have moved onto more secure credit and debit cards? Finally, it’s D-day for millions of uninsured who want to get their policies in motion by Jan. 1.
Ever since Apple released the iPhone six years ago, it’s been trying to gain access to largest pool of telephone subscribers on the planet. -That would belong to China Mobile, which has 760 million customers. Christmas has arrived early for Apple. The two companies finally reached a deal to sell iPhones to this untapped market.
Posted In: Target, Credit Cards, cybersecurity, data security
The credit card magnetic strip remains prevalent in the U.S, when other countries have moved onto more secure credit and debit cards.
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