What is the best solution to this problem for the parties involved? Why? Do you think that MasterCard will be successful in solving this problem?

The best solutions are the bills proposed in New York and Florida. Companies must be watched over by people outside the company so that there is no conflict of interests. These bills also propose fines on companies they do not follow the rules. Fines will let companies know that they cannot get away with doing whatever they want. Fines let them know that when they do something wrong, they will be punished for it. Companies left alone will keep doing what they want if they are the ones taking care of their own security issues and just wait till something goes wrong before taking action. It should not happen this way. Incidents like the one that happened with CardSystems need to be stopped before anything actually happens happen.

MasterCard can solve this problem, but it will take a long time to solve the problem. Criminals are constantly coming up with new ways to break into company networks and steal information and have the ability to do so because their technology is getting better and bypassing security out in place by companies. MasterCard will be slow in making implementing the best security solutions that exist because it costs them money that they do not want to use and takes time away from their business.