1 Should Payment Card Issuers Reissue Cards in Response to a Data Breach ?

Credit card issuers face a choice when card data has been exposed in a data breach but has not yet been used for attempted fraud: reissue the cards or wait until fraud is attempted. This article empirically investigates the first-order public and private costs and benefits of each of these options. Based on extrapolations of the total number of credit card… CONTINUE READING