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Banks will be allowed to sue retailers that are negligent with their data security
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The following comments relate to this news article:

Banks will be allowed to sue retailers that are negligent with their data security

article published on 6 December, 2014

2014 has undoubtedly been a year to forget for retailers and customer data, as many prominent companies have seen severe security breaches leading to the loss of names, addresses, credit card numbers and other sensitive information of hundreds of millions of Americans. The related fraudulent charges and the costs to replace credit and debit cards has led banks to lose over $400 million ... [ read the full article ]

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Posted Message
ChikaraNZ
Junior Member
_ 		6. December 2014 @ 22:29 _ Link to this message    Send private message to this user   
This is a good move. Retailers have been too slack with storing customers data and then getting compromised.
Yet it's us, the consumer, and the bank and the credit card companies that have to bear a lot of the costs and inconvenience due to the retailers slackness.
It's about time that whoever is at fault due to negligence (merchants) is made to pay and be accountable. If the consequences are greater, they are more likely to protect our data properly!
And this should also be extended to the many dot com companies that have had data breaches too.
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scorpNZ
AfterDawn Addict

4 product reviews
_ 		7. December 2014 @ 02:56 _ Link to this message    Send private message to this user   
Banks have been hacked as well & accounts emptied
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ChikaraNZ
Junior Member
_ 		7. December 2014 @ 03:41 _ Link to this message    Send private message to this user   
Well with banks, most of the time it's not actually hacking, it's criminals tricking customers into disclosing their login details, phishing, etc - that's not the banks fault.
Retailers get compromised far, far more than banks ever have.

But the same rules should apply to banks. If it is due to negligence, then they should be punished too. But I think you will find far fewer banks are negligent, compared to retailers.
Banks take security extremely seriously, it's part of their core business. For many retailers, security is an afterthought or a distraction.
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This message has been edited since posting. Last time this message was edited on 7. December 2014 @ 03:42
Mrguss
Senior Member
_ 		7. December 2014 @ 16:36 _ Link to this message    Send private message to this user   
To me it seams that the big dogs try to bite the small dogs.

All are responsible equally for any security breaches of Data from customers. But in special the Credit Cards Corps., that make money out of air, and which most of them are owned by the Scamers/Crocks Banksters.
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Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.
Mrguss
Senior Member
_ 		7. December 2014 @ 16:44 _ Link to this message    Send private message to this user   
.
[ + quote]
Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

This message has been edited since posting. Last time this message was edited on 7. December 2014 @ 16:45
scorpNZ
AfterDawn Addict

4 product reviews
_ 		7. December 2014 @ 19:00 _ Link to this message    Send private message to this user   
Originally posted by ChikaraNZ:
 Well with banks, most of the time it's not actually hacking, it's criminals tricking customers into disclosing their login details, phishing, etc - that's not the banks fault.
Retailers get compromised far, far more than banks ever have.

But the same rules should apply to banks. If it is due to negligence, then they should be punished too. But I think you will find far fewer banks are negligent, compared to retailers.
Banks take security extremely seriously, it's part of their core business. For many retailers, security is an afterthought or a distraction.
would've been more prudent to web search before answering to see if banks had been hacked yes ?,hope your not a customer of bank of america & that's just one of many who have had security bypassed..lol



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hearme0
Senior Member
_ 		8. December 2014 @ 15:15 _ Link to this message    Send private message to this user   
Originally posted by scorpNZ:
 Banks have been hacked as well & accounts emptied
Rarely and you're a PUTZ for mentioning this!

Might as well say that "nothing is perfect" so...."why do anything at all".

This is a GREAT MOVE and you should PIPE DOWN with your propaganda!
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scorpNZ
AfterDawn Addict

4 product reviews
_ 		8. December 2014 @ 18:41 _ Link to this message    Send private message to this user   
I guess i'm in good company then
Originally posted by hearme0:
Originally posted by scorpNZ:
 Banks have been hacked as well & accounts emptied
Rarely and you're a PUTZ for mentioning this!
I guess i'm in good company then,welcome aboard

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