Card Manufacturers love these security breaches.. Of the 1 billion cards issued in the U.S., only about 2 percent have EMV chips..
At roughly a $1.00 a chip it's not a surprise Mr. Piou is hanging out here rather a lot!
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Target Breach Puts Gemalto CEO in High Demand in U.S.
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Piou, chief executive officer of security software and payment chip maker Gemalto NV (GTO), said he’s spent 60 percent of his time in the U.S. since the incident -- four times more than usual -- meeting with CEOs and lead directors who are worried about repeating Target’s mistake.
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