[153708] in North American Network Operators' Group
Re: Dear Linkedin,
daemon@ATHENA.MIT.EDU (Barry Shein)
Sun Jun 10 22:12:15 2012
From: Barry Shein <bzs@world.std.com>
Date: Sun, 10 Jun 2012 22:11:04 -0400
To: Owen DeLong <owen@delong.com>
In-Reply-To: <D267D494-CCCD-4C6D-9EA5-7530BA9391A9@delong.com>
Cc: NANOG <nanog@nanog.org>, Joe Greco <jgreco@ns.sol.net>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
> > Eliminating fraud isn't an objective of card issuers. Making money is.
> > Fraud reduction is only done when the savings from the reduced fraud
> > exceeds both the cost of the fraud preventing measure and any revenue
> > that is lost because of inconveniencing customers.
>
> Right, but eliminating fraud should be an objective of consumers because
> ultimately, we are the ones paying for it regardless of who "eats it" on the
> actual transaction.
This applies just as well to fraud-prevention measures, a cost is a
cost is a cost, your perceived morality of the cost makes no
difference, money is fungible! Which means, money doesn't care! You'd
have to make up the cost of all that fraud-prevention in the same way.
--
-Barry Shein
The World | bzs@TheWorld.com | http://www.TheWorld.com
Purveyors to the Trade | Voice: 800-THE-WRLD | Dial-Up: US, PR, Canada
Software Tool & Die | Public Access Internet | SINCE 1989 *oo*
