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Epic Games reportedly hit by 189GB hack, including login and payment info
(www.rockpapershotgun.com)
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No, when you store your card, it doesn't actually store the whole card details. It communicates with the payment processor and when the card is approved, it gets back a token that says "this card is valid", so in the future they just have to send that token and the payment processor says "yup I know the card you're talking about".
At least that's how it's supposed to be. You're really not supposed to store card info yourself.
That's the ideal, but not always the case. Last time I read the PCI rules, merchants could (still) handle/store card details just as they could before the hands-off approach existed; it just required someone to attest that precautions were taken. I'm sure you can guess how foolproof that is.
Don't forget that we're talking about a company that took 3 years to add a shopping cart to their store
My last role was in payment processing and this is exactly how we did it.
Mine was too. We still had a couple systems using the old methods, but mostly had moved to the token system.
You also just get laid off? They took out ~50% of the payments department at my last job
Nah, got laid off last March.
Just don't use a debit card?
Credit cards have all sorts of consumer protections if the card gets stolen.