42 ordspråk av Avivah Litan

Avivah Litan

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Banks are relying on the online channel for the lower communication cost. But as consumers start to think that they can't trust email anymore, companies will lose that channel.

It's like a schizophrenic story. It's their No. 1 concern, but it's the bigger companies who can do something about it. Sometimes the cost of implementing these systems is higher than [credit card] fraud service and, depending on the price guarantee, small merchants might not want to buy it.

It's much more convenient than anything else available to consumers,

You need a bank-owned consortium to pull [the development of such a standard] off,

The free credit report thing is basically a farce. It only tells you very specific information about your situation at a point in time.

Anthrax woke everyone up to say, 'Maybe we should do this stuff online,'

The only reason they don't check these things is because they forgot about it. Really, I'm furious.

It's not negligence. It's just kind of being asleep at the wheel when business is running smoothly, and then you get hit.

I would say it's probably the cause of 70 percent of (cash machine card) fraud.

If consumers aren't using it, no [companies are] going to call them.

This gives customers direct access to information already available to companies.

The absolute worst piece of information that can get out is your Social Security number.

In the past, everything was much more traceable. Now you can open 10,000 (bogus) accounts in the time it used to take to open one, all in a faceless Internet.

There will be more security holes. In the end, it increases the risks not decreases them.

Protecting customer data is much less expensive than dealing with a security breach in which records are exposed and potentially misused.

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