Politic > Industry
Coggins: Cyber hacks could prove catastrophic
1 month ago | By Boston Herald
Recently, thousands of flights were canceled or delayed because of a Federal Aviation Administration system outage - leaving travelers stranded and frustrated. The incident is a wake-up call for how risky it can be to rely on a single system to drive an entire industry. When it breaks, everything goes to hell in a handbasket.
But the FAA isn't alone. Most Americans will likely be shocked to learn that credit card users are similarly vulnerable.
Visa and Mastercard dominate the U.S. credit card industry - controlling 80% of the market. So, chances are that the card you have in your wallet...
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