Ever wonder how your credit card gets compromised and how the bad guys get your information? This report on tonight’s episode of 60 Minutes provides an overview of what happens from the moment you swipe your card at the point-of-sale terminal to the moment when the card number is compromised and sold on a black market website to the moment when the bad guy who buys your credit card number online uses it to create a counterfeit card. The report also investigates why most companies learn of these breaches from third parties rather than their own information security team. I highly recommend it to anyone interested in learning about this risk as this year’s holiday season begins.


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