[17711] in cryptography@c2.net mail archive
Re: Why Blockbuster looks at your ID.
daemon@ATHENA.MIT.EDU (Dan Kaminsky)
Fri Jul 8 16:18:41 2005
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
Date: Fri, 08 Jul 2005 10:08:18 -0700
From: Dan Kaminsky <dan@doxpara.com>
To: "Perry E. Metzger" <perry@piermont.com>
Cc: Edgar Danielyan <e.danielyan@gmail.com>,
cryptography@metzdowd.com
In-Reply-To: <87wto1dzus.fsf@snark.piermont.com>
>I'm think you wrong on that one. Financial cost and benefit are easily
>assessed on this, and I think the numbers add up. Credit card fraud
>costs in the hundreds of billions of dollars a year, much of which
>could be eliminated by a change to the sort of system I
>mention. That's not a small amount of money. Indeed, it is more than
>enough incentive for a major change.
>
>
>
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.
--Dan
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