Plus, it was shown recently that personal credit card fraud via ID theft is smaller than victimless credit card fraud.
http://www.theregister.co.uk/2005/09/16/gartner_phantom_fraud/ It is a very good rundown on why the banks just really don't have a reason to chase after them and stop them. -Todd > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On Behalf > Of Frank Knobbe > Sent: Wednesday, September 28, 2005 1:54 PM > To: [EMAIL PROTECTED] > Cc: full-disclosure@lists.grok.org.uk > Subject: Re: [Full-disclosure] Is the Bottom Line Impacted by > Security Breaches? > > On Wed, 2005-09-28 at 10:22 -0400, Kenneth F. Belva wrote: > > In the paper I ask: "If 40 million customer credit card numbers are > > exposed in a security breach at the credit card processor > CardSystems, > > why do a significant number of people not cancel their Visa and/or > > Mastercard?" > > Simple. The credit card numbers are exposed every time they > make a purchase as well. Now, it someone commits fraud with > your name and card number (which a convenience store clerk > can do himself... no high-profile server breach needed), then > the customer is only liable for minimal damages. The risk and > liability lies with the credit card company. > > Perhaps you should ask: > "If 40 million customer social security numbers are exposed > in a security breach at the credit card processor > CardSystems, why do a significant number of people not > request new social security numbers?" > > After all, there is no limit on liability with fraud on those.... > > Regards, > Frank > > _______________________________________________ Full-Disclosure - We believe in it. Charter: http://lists.grok.org.uk/full-disclosure-charter.html Hosted and sponsored by Secunia - http://secunia.com/
