mask.of.sanity (1228908) writes "Australia's biggest banks are posting credit card numbers in clear view on mailed customer statements in a direct violation of credit card security regulations.
Placing numbers where any mail thief could grab them is a fundamental breach of the regulations and places the financial accounts of potentially millions of Australians at risk.
The credit issuers like Mastercard, American Express and Visa have said the breach has been known for years but the banks have simply ignored it.
It comes as the Australian Government plans to tighten the screws on security arrangements for credit cards."
Link to Original Source