full-disclosure - Is the Bottom Line Impacted by Security Breaches?

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Message-ID: <433AD5A2.2040308@csuohio.edu>
Date: Wed Sep 28 18:42:31 2005
From: michael.holstein at csuohio.edu (Michael Holstein)
Subject: Is the Bottom Line Impacted by Security
	Breaches?

> 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.