Lauren and Peter installed devices on several ATM machines to obtain the debit and credit card information of people using the machines. The devices consisted of an overlay on the card reader which captured the data stored on the magnetic strip of the card along with a pinhole video camera which secretly recorded PINs as they were entered. The information obtained was used to make counterfeit cards that were then used to make fraudulent purchases and cash withdrawals. In the end, Lauren and Peter committed hundreds of fraudulent transactions over many months using the illegally obtained information. What does this reveal about the perils of electronic banking? Are these risks likely to be prevented by banking practices, contracts, or the law? Who should be responsible for the losses