http://www.computerworld.com/securitytopics/security/story/0,10801,78873,00.html?SKC=security-78873

Don't-Ask-Don't-Tell E-Commerce

By ROBERT L. MITCHELL
MARCH 03, 2003
Content Type: Opinion
Source: Computerworld


Dealing With Credit Card Fraud
If e-commerce is to flourish, policies need to change now.

When it comes to IT security, good technology can't protect an organization
against bad policy. Judging from the way the banking industry handled the
recent theft of more than 8 million credit card account numbers [QuickLink
36530], that's a lesson that major U.S. credit card associations and
issuers have yet to learn.

The situation is unlikely to improve in the near term because the financial
services firms that control most credit cards see little economic incentive
to change their ways. Those most at risk of incurring losses include
consumers (through identity theft), and merchants that accept
"card-not-present" transactions.

...snip...

--
Internet trivia, 20th anv: http://www.garlic.com/~lynn/rfcietff.htm

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