Wil's Rant

Visa and Mastercard are planning to fight the lawsuit over their responsibility to inform the public of a failure in their security arrangements. They contend that it's the banks responsibility and therefore the banks should notify customers when their data is stolen. I would think that this responsibility would be shared by both and that in the interests of their customers both parties would make every attempt to prevent their customers from suffering unnecessary losses because of a failure in the notification system. By not notifying people as quickly as possible, they would become partly responsible for losses suffered after the date that they discover the theft of data.