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

From: Michael Holstein (michael.holsteincsuohio.edu)
Date: Wed Sep 28 2005 - 12:40:50 CDT


> 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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