President Obama recently signed an executive order that requires government-issued credit and debit cards to be equipped with new chip and PIN technology aimed at reducing fraud.  Given the persistent rash of data breaches aimed at American consumers and businesses, the security measure was met with applause. But despite this progress, the vast majority of consumers will still be left vulnerable because the President’s actions fall short without the cooperation of large banks.

To Read the entire piece, visit the Daily Caller.