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Unformatted text preview: ATM machine and inserts something that can capture ID numbers. It's not their fault and insurance companies do not offer coverage for ATM machines. The FDIC only covers losses by the banks when an actual robbery takes place. Software can only be made so safe, and that's a fact. A customer has the option to periodically change their pin number and that is always a good idea. As far as online transactions, those pin numbers should be changed once a week. It's doubtful that a hacker can get into the system unless he has the correct software to decode the encryption. So the options are there for each customer to make the changes necessary to protect their assets. When the system just 'goes down' or is 'down for maintenance' they cannot be held liable either. They must have down time for all maintenance procedures....
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- Spring '11