Financial Transparency Coalition

Happy Cyber Monday! In case you are from a country that doesn’t observe holidays devoted to consumerism: “Cyber Monday” is a marketing term for the Monday after Thanksgiving, created to persuade people to shop online. To those of us interested in banking and financial transactions – Cyber Monday is a fitting symbol for the emergence of online shopping and digital transactions. Over the last few years, e-commerce sales have grown by a stunning 20% annually around the world, and in the United States, e-commerce sales have increased by a steady 5% per year since 2005. Meanwhile, recent massive data breaches...