Cybersecruing Payments - Are We Losing the Fight Against Next-Generation Bank Robbers?

July 21st, 2014
in econ_news

by Richmond Fed

The convenience of debit and credit cards has come with the risk of cyberattacks and fraud. Hacking of payment systems has led not only to direct costs for financial institutions and retail businesses, but also to damage to company reputations and stock prices. Yet making systems more secure isn’t free, either -- and the companies that would bear the cost of upgrading aren’t necessarily the ones that would benefit.

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[click on image below to read the study]

Source: http://www.richmondfed.org/publications/research/econ_focus/2014/q1/pdf/cover_story.pdf









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