In the wake of massive data breaches involving consumer credit cards, President Barack Obama signed an executive order Friday to strengthen security measures on government credit, debit and payment cards and the readers that scan them.
The new order — part of the president’s BuySecure initiative — requires federal agencies to use chip-and-PIN security on all government-issued cards and update card readers to work with new technology.
“With over 100 million Americans falling victim to data breaches over the last year and millions suffering from credit card fraud and identity crimes, there is a need to act — and to move our economy toward stronger, more secure technologies that better secure transaction and safeguard sensitive date,” the White House said in a statement.
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