A Matter of (Fading) Trust
Eric Dash reports for Thursday's New York Times on the steps taken by the card associations to ensure that personal information is secure at all times.
"These are akin to terrorist attacks; we must take very aggressive steps," John Philip Coghlan, the chief executive of Visa USA, said in an interview last month as he took over the card company's largest division."We can sit here and say we have zero liability and that no consumer will be harmed. If trust is eroded, the very foundation of the system will be eroded."
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