Risk on Radio
This morning I joined a talk show on RTHK and discussed risk of usnig credit cards. Media attendtion is high after the recent security breach at Cardsystems. The story was uncovered on 17 June 2005, but after 6 days it is still lingering on. WHY? First, I believe this incident is huge in terms of people affected. 40 million card numbers were lost. Secondly, it was uncovered on SAT. I am not joking. One of my lectures in a Crisis Management class told his student in class that when reporters are hungry for news, even lost of a penny can be headline news. On Saturday, when reporters unable to find new story, a incident like this one will be reported by every newspaper. Back to the talk show, there were few people called in. And one mentioned that when he visited a Indian online shop and was diverted to a HSBC credit card website. This website asked him to enter his personal information like birthday and passport number. He worried this may be fraudulent website and asked for advice. As ...
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