[17917] in cryptography@c2.net mail archive
Re: mother's maiden names...
daemon@ATHENA.MIT.EDU (Adam Back)
Sat Jul 16 17:13:06 2005
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
Date: Fri, 15 Jul 2005 17:20:24 -0400
From: Adam Back <adam@cypherspace.org>
To: Ben Laurie <ben@algroup.co.uk>
Cc: cryptography@metzdowd.com
In-Reply-To: <42D7AF20.9040206@algroup.co.uk>
I think in the UK check signatures are not verified below £30,000
(about US $53,000). I presume it is just economics ... cost of
infrastructure to verify vs value of verifying given the fraud rate.
Adam
On Fri, Jul 15, 2005 at 01:42:08PM +0100, Ben Laurie wrote:
> My bank doesn't even bother to move them around, as I discovered when I
> had a chequebook stolen and cheques for large sums forged, and honoured.
>
> When I spoke to a person who had found the cheque in their store I asked
> "is it my signature?" (yes, I am sufficiently absent-minded that I might
> have written a large cheque and forgotten about it). Their response was
> that they didn't know and had no way to find out. In the end they faxed
> me a copy so I could check it myself.
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