Economic Crisis
Adam Levitin takes a look at Tim Geithner’s comments in the New York Times on the “too big to fail” principle. Do we really want the government to be in the business of guaranteeing Goldman Sachs’ debt and Capital One’s liabilities?
Data Security
A recent Associated Press investigation has found that banks and other financial institutions handling sensitive data are not being nearly as cautious as they could, particularly with respect to credit card and personally identifiable information.
The parent company of retailers T.J. Maxx and Marshall’s will pay approx. $9.75m in a settlement with multiple states relating to a massive data security breach that exposed tens of millions of payment card numbers.
The rapid growth of cybercrime markets is making spam an even more attractive proposition than it has been in the past according to this article on Dark Reading.
Handelsbanken has teamed with EDB Business Partners to enable Norwegian customers the capability to block the use of their cards in certain geographic areas. The regional blocking service, which was made available beginning in June 2009, makes it possible for customers to use their Internet banking account to manage the geographic areas in which they might want their Visa and MasterCard to be valid.
