Dan Kaminsky <[EMAIL PROTECTED]> 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 --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
