Banks Should Keep Your Data as Safe as Your Money "Banks might indeed be loath to admit it, but the Times delicately hints at the reason this keeps happening: banks don't care. And the reason they don't care is because there are no serious penalties for these kinds of breaches and consumers have no ability to sue over them. What's more, it's consumers who end up having to clean up the mess if the hack results in ID theft or some other kind of fraud, not the banks. So why bother?"
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