jerryc41 wrote:
That's awful, isn't it? They don't take proper precautions, and then they lie about what happened. We're left to straighten out the mess. No penalties for them, of course. How different would the situation be if they had to pay a fine for each person whose data was compromised? I bet they could find a solution then.
They still cannot stop the theft though and that chip in the card was supposed to help with theft too. The chip card just opened up a new can of worms as does the use of cell phone banking.