On Fri, Jul 08, 2005 at 01:16:13PM -0400, Perry E. Metzger wrote: | | 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.
I think those numbers are misleading. The FTC reports ID theft as a $50B problem, but I haven't seen that broken down by vector. I suspect most of it is CC (rather than cheque, mortgage/line of credit/auto loan), but have no data. Adam --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
