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Who Checks Up On The Master(Card)?
from the priceless dept
In an effort to get online retailers to beef up their security measures, MasterCard says it will charge reduced transaction processing fees to those that use its SecureCode authentication service, as well as offer free network vulnerability scans to check the security of their sites. The motives aren't completely altruistic, since the use of stolen credit cards costs the company, but beefing up retailers' online security is a good thing nonetheless. Just one question though -- who gives MasterCard an incentive to tighten up the security of the rest of its chain? Remember that a card processor MasterCard used leaked 40 million credit card numbers -- numbers that it wasn't even supposed to have. Sure, the company lost its processing contracts and subsequently disappeared, but that's of little solace to 40 million credit card holders. As long as MasterCard's got little to fear in the way of fines, it seems like it could be a little short on motivation.
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My mastercard
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Re: My mastercard
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