Online fraud 'ahead' of credit-card companies-experts

Anne & Lynn Wheeler lynn at garlic.com
Tue Sep 20 02:11:56 EDT 2005


http://news.yahoo.com/s/nm/20050919/wr_nm/financial_creditcard_fraud_dc;_ylt=AlItQtA0cAs1.5FbhmH_orX6VbIF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

Online fraud 'ahead' of credit-card companies-experts

Speaking at an conference here, John Shaughnessy, senior vice president
for fraud prevention at Visa USA and Suzanne Lynch, vice president for
security and risk services at MasterCard International, said that
organized crime rings ....

.. snip ...

The picture they presented of an escalating struggle between commerce
and criminality offered little hope of quick relief for consumers
worried about identity theft or for investors in card-issuing banks
concerned about security's escalating costs.

... snip ...

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