Re: Quote of the Day [2]: America's Community Bankers

["Brian Loe" <knobdy () gmail com>]

On 2/6/07, Fergie <fergdawg () netzero net> wrote:
> >> "According to the bank group's survey of its members, 70 percent
> >> said their bank had to reissue credit or debit cards three times
> >> or more in the past 24 months."
> >
> >That's a fairly worthless statement, I've had mine re-issued twice.
> >Neither time was it due to a security breach of any kind.
> >
> >It's also a lame cause for more government oversight which can only
> >help to worsen the security landscape. Pressure for more and better
> >security should come from the bank's customers...
>
> Well, I assert that since you state that you have had your
> cards resissued twice in the past two years, that it -- in and
> of itself -- is pretty meaningless, too. :-)

The difference is I'm not drawing any conclusions based on my facts.

> It's still a sad commentary on the current state of affairs
> with regards to security, privacy, and e-commerce.

As with freedom, there are costs associated with convenience. Until
consumers have decided the costs are too high, convenience will reign
supreme over security.
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