From the AP, Breach exposes 4.2 million credit, debit cards
I thought the government existed to protect us?
“Visa and MasterCard have stipulated in their contracts with retailers that they will not divulge who the source is when a data breach occurs,” Spitzer said. “We’ve been engaged in a dialogue for a couple years now about changing this rule…. Without knowing who the retailer is that caused the breach, it’s hard for banks to conduct a good investigation on behalf of their consumers. And it’s a problem for consumers as well, because if they know which retailer is responsible, they can rule themselves out for being at risk if they don’t shop at that retailer.”
Just another example of how our government protects businesses (those that line the political pockets) rather than the American people.
And just an FYI: The Visa USA PAC has contributed $127,266 to the 2008 election cycle, through 12/2007. Mastercard International Employees PAC has contributed $189,598 to the 2008 election cycle, through 12/2007. They’ve both contributed to Senator Chris Dodd’s presidential bid, who is currently serving as Chairman of the Senate Banking Committee.