Just another irresponsible company that doesn’t take security responsibly at Hillabolt.com

Just another irresponsible company that doesn’t take security responsibly

Published by Kevin December 9th, 2005 in Technology, Blogging.

Are you kidding me: 40M credit cards hacked (CNN).

My favorite part of the whole article has to be where the SVP says:

“We were out of compliance and we recognize that file was out of compliance with the association rules”.

So, let me get this straight, you were completely lax in your security policies concerning customer data and you knew about it?

In situations like this, companies should be fined let’s say $500 per/customer. By my math, CardSystems owes their customers around 20 billion dollars, give or take. Certainly by their negligence, lives will be affected, if nothing else, by the sheer time wasted in dealing with this fiasco.

They’ll probably get off with a slap on the wrist and a give half-hearted apology. “We promised to fix our ways…” blah, blah.