Sales must be down.
Isn’t this the guy that killed his neighbor? Or something like that?
But where? Will someone attempt to steal the information from Amazon.com’s servers? That’s not going to be easy, since Amazon.com always has a very strong emphasis on customer security (they were among the first to implement secure links for payment transactions).
There were lots of CC hacks last year (Target, etc.) so it’s a safe bet that there be more this year.
I posed that question to my bank and was told (unconvincingly) that they do catch people, just it's kept quiet. I would think it would be the opposite - publicly tar and feather these people to deter more theft.
My feelings are that all of the major CC companies have already been breached; Target and NM were done by less-than-professional hacks and found out.
Why cash must continue to exist. Feels free to add to list.
1. ID theft/credit card fraud.
2. CC company suspends card for “suspicious activity”
3. Bank Holidays because of martial law, currency collapse, bank runs
4. Bank “Bail-ins” a la Cyprus
5. Emergency government confiscation of bank accounts
6. IRS liens
7. Banks moving to pay no interest and account fees (negative interest) to keep money in bank.
8. More privacy with cash to buy books, ammo, prepping supplies, candidate/political group donations.
9. Often cash purchases can be made w/o ID
M4L
I have long been convinced that the anti-virus companies pay virus creators to come up with new ones, so they can sell the “cure”. < /paranoia >
John McAfee: The big security hit will be this year