[17719] in cryptography@c2.net mail archive
Re: Why Blockbuster looks at your ID.
daemon@ATHENA.MIT.EDU (Adam Shostack)
Sat Jul 9 11:00:42 2005
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
Date: Fri, 8 Jul 2005 13:26:54 -0400
From: Adam Shostack <adam@homeport.org>
To: "Perry E. Metzger" <perry@piermont.com>
Cc: cryptography@metzdowd.com
In-Reply-To: <87psttdxr6.fsf@snark.piermont.com>
On Fri, Jul 08, 2005 at 01:16:13PM -0400, Perry E. Metzger wrote:
|
| Dan Kaminsky <dan@doxpara.com> 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
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