Sunday, March 3, 2024
HomeretailThis kind of credit card tech needed: Macy's CEO

This kind of credit card tech needed: Macy’s CEO

Macy's Chairman and CEO Terry Lundgren told CNBC on Monday there's no evidence that his retailer has been subject to the kind of cyberattacks experienced at Target and Neiman Marcus.

"We have nothing to believe this is an issue for us at this moment," Lundgren told "Squawk Box," adding that securing customer data is much broader than one or two companies. "Everyone was on alert."

Against the backdrop of these attacks, there have been calls to upgrade the technology behind credit card purchases for Americans customers.

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