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 Monday, June 15, 2009

Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers.

And while you may take steps to protect yourself against identity theft, an Associated Press investigation has found the banks and other companies that handle your information are not being nearly as cautious as they could. The government leaves it to card companies to design security rules that protect the nation's 50 billion annual transactions.

 

(Source: AP)

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AP