Right now banks don't have that much security around checking accounts. Generally speaking, their losses are pretty tolerable. -Avivah Litan

 

Right now banks don't have that much security around checking accounts. Generally speaking, their losses are pretty tolerable.


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This quote is just one of 9 total Avivah Litan quotes in our collection. Avivah Litan is known for saying 'Right now banks don't have that much security around checking accounts. Generally speaking, their losses are pretty tolerable.' as well as some of the following quotes.

Right now banks don't have that much security around checking accounts. Generally speaking, their losses are pretty tolerable.

Avivah Litan
330

If there's someone who stole her password through surreptitious means, there's nothing [Hilton] could do.

Avivah Litan
272
[Indeed, consumer financial fraud has been around as long as checking accounts and credit cards, and banks already do plenty to stop fraud. But e-commerce has opened virgin criminal frontiers.] In the past, everything was much more traceable, ... Now you can open 10,000 (bogus) accounts in the time it used to take to open one, all in a faceless Internet. -Avivah Litan
218

It's going to put an enormous dent in online marketing.

Avivah Litan
194

The whole system is pretty rotten from start to finish and they really need to tighten up. There's very loose access control over who can get credit reports.

Avivah Litan
151
Consumers don't trust most of it. -Avivah Litan
150

They are an agile company, and they have made a decision that they are not going to provide top-notch service to anyone who is not a business-class customer.

Avivah Litan
139