image: iStockphoto

The newest way to combat fraud: A one-time credit-card number you can throw away

April 2, 2018

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.

Read More on Market Watch