Security News > 2020 > November > It's time for banks to rethink how they secure customer information
Jack Wallen thinks banks and credit card companies need to start considering radical ideas to increase their security.
How many times have you had your bank account information or credit card number stolen, only to see your accounts drained? When that happens, you have to not only work with the bank to get your funds back, but jump through all of the hoops when subscribed services start sending you alerts that your payment didn't go through.
The thing is, banks and credit card companies know they have a safety net to prevent them from crashing to the ground.
Banks and credit card companies understand it's only a matter of time before a customer account is breached-these institutions deal with this daily.
Guess what? The person you just gave that information to now has every piece of information they need to use your card.