[124654] in cryptography@c2.net mail archive
Re: not crypto, but fraud detection + additional
daemon@ATHENA.MIT.EDU (dan@geer.org)
Tue May 27 11:13:46 2008
From: dan@geer.org
To: Allen <netsecurity@sound-by-design.com>
cc: Cryptography <cryptography@metzdowd.com>
In-Reply-To: Your message of "Mon, 26 May 2008 23:45:54 PDT."
<483BAE22.9090409@sound-by-design.com>
Date: Tue, 27 May 2008 10:39:47 -0400
Allen writes:
-+-----------
| I don't know what the policy is in Ireland, but here in the USA
| there is no stop loss on debit cards so the banks are not
| obligated to make good on fraudulent withdrawals. <snip>
There is also a legal distinction between a personal
credit card and a corporate card in terms of the
regulated upper bound on the losses due to a stolen
card and fraudulent charges on it, though the credit
companies tend never to stand on their right to not
rescind fraudulent charges on non-personal cards.
Factoid: Had the $50 stop-loss limit been indexed for
inflation, then it would today be $300. (1968-present)
--dan
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