Why Blockbuster looks at your ID.

[Perry E. Metzger]

Dan Kaminsky <dan at doxpara.com> writes:
> Credit card fraud has gone *down* since 1992, and is actually falling:
>
> 1992:  $2.6B
> 2003:  $882M
> 2004:  $788M
>
> We're on the order of 4.7 cents on the $100.
>
> http://www.businessweek.com/technology/content/jun2005/tc20050621_3238_tc024.htm
>
> If it's any consolation, I was rather surprised myself.

I seem to have gotten that one drastically wrong. Thanks for the
more accurate figures.

A back of the envelope calculation makes me think that it is still
more than enough money to provide a good incentive for a change in
systems, though, especially when the cost of the anti-fraud measures
needed at every part of the system are taken in to account.

Perry

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