Is there a solution to credit-card fraud?
Hackers have potentially breached the credit- and debit-card data of more than 5 million customers from the parent company of Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor stores, according to Toronto-based Hudson’s Bay Co., which owns the retail brands. The company said Sunday it’s investigating the breach.
There may be a solution to this type of credit- and debit-card fraud. Capital One COF, -2.49% last month announced a new feature for its credit cards called “virtual numbers.” They are one-time numbers consumers can use while shopping online so they don’t have to give their actual Capital One credit-card number to an online retailer.