Re: Is the Bottom Line Impacted by Security Breaches?

[Michael Holstein <michael.holstein () csuohio edu>]

> 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.
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