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they don't really care what you think about it
Posted by dudewithasaab [Email] (more from dudewithasaab) on Tue, 9 May 2006 08:07:44
In Reply to: Re: Credit card data security issues, jp, Sun, 7 May 2006 18:57:14
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First, the best thing to do with security breeches is to close them and not talk about it publicly. Publishing it typically only reveals holes to others.
he CC company lawyers and managers have no doubt spent lots of time debating the question of whether they should to tell you vis-a-vis their liability/profitability and decided that they didn't want to. Tough luck. Right and wrong does not enter the equation - profitabliity is the only issue.
State laws may not have any impact. The companies continue to ignore state laws when they want to and insist that state laws do not govern them. Then the state AG has to argue it up to the Supreme Court (not common).
Federal law is weak because the CC companies/banks are well connected. Their lobbyists insure that few regulations are passed that impact them at all. We're talking billions here, these people wield lots of power and influence - you and I don't. Good luck bucking the system.
posted by 141.154.9...
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