~~ Consumers Not Powerless in the Face of Card Fraud ~~
When you think about the security of your credit and debit cards, consider the facts on the ground.
Industry representatives readily admit that thieves are often one step ahead of them and that data breaches are a fact of life. One bank went rogue and publicly called out MasterCard and Bank of America for not sharing information and for failing to stem card fraud fast enough in Chicago taxicabs.
Now a for-profit college, sensing opportunity, has found its own angle. Monroe College is currently pitching a minor in cyber security. Its ad on New York City subways features a woman in a white coat holding a card that intersects with beams of light. Perhaps she’ll invent a way to solve the payments industry’s problems.
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