It could happen any time—at work, at home, or on vacation. You receive a text message and glance at your smartphone. Your bank-issued credit card provider just sent you a message asking if you recognize a recent transaction. “Did you authorize a purchase of $5,000 for Super Bowl tickets? Text 1 for YES, 2 for NO.” You remember using your card to purchase tickets to an NBA playoff game but not to the Super Bowl. You reply, 2, and your credit card provider suspends the transaction. This text message may have saved you a significant amount of money and alerted you to possible identity theft. However, your card provider may have exposed itself to financial liability—not for the security breach, but for the unsolicited text message.
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The time has come to move toward a more permanent solution so Congress can once and for all get this off the table and guarantee an Internet landscape without the potential of future financial burdens for consumers.
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The only thing worse than watching your team lose is not being able to watch it play at all, which happens all too frequently.
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David writes a follow-up to "Verizon, Be Careful What you Wish For."
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If someone ever needed an example of “be careful what you wish for because you just might get it,” look no farther than Verizon’s lawsuit against the FCC’s net neutrality rules and the high-tech showdown we see playing out today at the FCC.
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If you think that sounds like a sportscaster after a few too many Red Bulls, consider what will happen if the Obama Administration allows the largest cable operator in the U.S., Comcast, to acquire the second largest cable operator, Time Warner Cable, both of which own Regional Sports Networks (“RSNs”) in some of the biggest sports markets in the country and have a history of keeping games from fans who don’t pay a steep ransom.
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