OLD NEWs:
CardSystem lost 40 million credit cards and what is the result.

Credit card companies don't have to notify customers their personal
information has been stolen, a California Judge ruled today…

…In June, CardSystems admitted intruders had compromised the
confidentiality of 40 million credit card holders, and 200,000 records
had left the network. CardSystems had refused to notify the card
holders. The Rothken suit also requested that chargeback fees or
penalties on hapless card holders who were the victims of ID theft
should be waived.

But a San Francisco Superior Court Judge, Richard Kramer, disagreed.
“I don't see the emergency,” he said. “I don't think there is an
immediate threat of irreparable injury” to consumers… [*]

This company did not encrypt the credit card data! A gross violation of the Payment Card Industry Security Standard.

My comment and Voice of the evil doers:

It is amazing the kind of protection companies have.   
From the begining that was the purpose of a corporate entity
“indemnity.”  This allows the part owners ,shareholders, Legal
protection from loss.  

40 million credit cards is a lot of loss.  

I think is half-haves should all form our own companies so we can have
that kind of protection from loss, including the loss of our
identities.  If fact, on paper we should not exist, but instead be
employee Identification numbers subject to our own companies, owning
nothing but controling every thing!  

Nothing new about that idea.. this is one of the tactics of the wealthy.