Whoah plenty downvoting.. I assume that everyone is fully aware of Banks' Third-Party Security protocols/procedures and have good/working knowledge that they don't operate?
Anyway, not wishful thinking. Actual/reality. Feel free to ask your banks about their TPSM.
Eh, I am in both camps at the same time. I know what you are saying is true in theory, but in practice ability to make money efficiently trumps everything else. Even at bank bank you see people cutting corners for variety of reasons ( and when you see it you have to react ). I can't even imagine how bad it is in unregulated/less regulated industry.
Setting aside everything else, on what basis would they moved to protect you as opposed to protecting themselves? And even even if they are forced to by bad publicity or something, what can they possibly do for you anyway if there’s a leak, other than offer you a useless year of identity theft “protection”?
In other words, I still maintain this is wishful thinking.
