I’ve been thinking about this inevitable outcome for years. We use a system of payments that others built on the cheap without needed security, and when it bites us in the axx we’re (consumers) are told to buy ID protection at $20/month. This is total BS. The retail sector and their bankers need to protect us on their dime, or we should never be suckered into using their system again.
The big box stores and internet retailers and credit card companies need to be held accountable for the loss of consumer identification data through their el cheapo security measures.
This policy of putting even a small burden on consumers because of poor security could be ended near term if only the CEOs of these companies were charged and held personally accountable. Their goal is to make us buy spontaneously thinking that their system poses no threat to us personally.
Wrong! Their system does pose a threat. The success of America depends upon confidence in our institutions and politicians. I have lost confidence in both. They are out for short term profits and $$$ while we all face the consequences.
I am sure Target has lost tons of customers because of their information theft issues.
More and more I only use American Express card....because they are VIGILANT about stuff looking weird that is being charged to your account.
This especially caught my attention as I have often thought, "WHY do people NOT question this?"
We use a system of payments that others built on the cheap without needed security, and when it bites us in the axx we’re (consumers) are told to buy ID protection at $20/month. This is total BS.