American Bankers Association report blames retail breaches for 12 percent uptick in financial fraud losses U.S. banks have had to absorb since 2012. The report sparked a lively debate, to put it mildly, from well-versed readers on all sides of the issue. The finger-pointing is further evidence that the battle between banking institutions and retailers when it comes to cybersecurity responsibility, and the limits of “acceptable” fraud liability, remains alive and well. “The ABA has its head in the sand; instead of advocating for change, they simply blame others,” says one reader.”]
Source: https://www.cuinfosecurity.com/blogs/readers-on-fraud-aba-has-head-in-sand-p-2051