[4883] in WWW Security List Archive
Credit Card Security and the Net [Was Re: Netscape-Enterprise/2.01 https SLOOOOWW]
daemon@ATHENA.MIT.EDU (Steve Neruda)
Mon Mar 24 13:08:21 1997
Date: Mon, 24 Mar 1997 10:14:00 -0500
From: Steve Neruda <nerudas@nationwide.com>
To: Vinnie Vedi Dolavimus <sfuze@escape.com>
CC: Dennis Glatting <dennis.glatting@plaintalk.bellevue.wa.us>,
WWW-SECURITY@ns2.rutgers.edu
Errors-To: owner-www-security@ns2.rutgers.edu
Vinnie Vedi Dolavimus wrote:
>
> I meant this on a PERCENTAGE basis -- the percentage of transactions, total,
> of credit cards in general and the percentage of transactions over the net.
> The percentage of fraud ovr the net is about 1% -- in real life about 2%.
> That is, of all transactions which occur over the net 1% of them, approx.
> is fraudulent. The real problem with security vis a vis credit cards /
> the net is that the majority of insurance companies and credit card
> companies will not insure or protect the customer.
I was curious where you obtained your statistics. I'm especially
interested in where information can be gathered concerning what credit
card companies will/won't cover a transaction made over the Net. It
would seem to me that if a fraudulent transaction is found on your
statement then then it should be dealt with in the normal manner.
SteveN
---
Steve Neruda Steve_Neruda@Nationwide.Com
Senior Internet Consultant The Internet Technologies Group
AT&T -- Any company with the Death Star as a logo
can't be all bad
