Re: Dear Linkedin,

[Barry Shein <bzs () world std com>]

> > 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

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