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Re: [Full-disclosure] Is the Bottom Line Impacted by Security Breaches?

To: full-disclosure@xxxxxxxxxxxxxxxxx
Subject: Re: [Full-disclosure] Is the Bottom Line Impacted by Security Breaches?
From: Michael Holstein <michael.holstein@xxxxxxxxxxx>
Date: Wed, 28 Sep 2005 13:40:50 -0400

In the paper I ask: "If 40 million customer credit card numbers are
exposed in a security breach at the credit card processor CardSystems, why
do a significant number of people not cancel their Visa and/or
Mastercard?"

Simple .. because Mastercard/Visa got to avoid having to notify their customers of the breach :

http://www.consumeraffairs.com/news04/2005/cardsystems_court.html

~Mike.
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References:
- [Full-disclosure] Is the Bottom Line Impacted by Security Breaches?
  - From: Kenneth F. Belva

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