“More Target-sized security breaches will happen if banks and retail stores don’t start working together to further protect customers’ data, JPMorgan Chase’s CEO Jamie Dimon said Tuesday. JPMorgan has replaced 2 million credit and debit cards as a result of the Target breach, Dimon said. That number is expected to rise. JPMorgan is the world’s largest issuer of credit cards. Dimon expects that cybercrimes such as the Target breach will become more common if retailers and banks do not work on security, he said. ‘This might be a chance for retailers and banks, for once, to work together as opposed to suing each other like we’ve been doing the last decade,’ Dimon said.”
http://www.usatoday.com/story/money/business/2014/01/14/jpmorgan-ceo-dimon-target-breach/4475665/
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