On Fri, 26 May 2006, Gadi Evron wrote:
I honestly want to know why a precise number matters? It will only be higher than our facts based upon our different observation points.
http://www.nytimes.com/2006/05/30/us/30identity.html Credit card companies point to new monitoring systems that have reduced loss from fraud as a percentage of overall transaction volume. At Visa, fraud accounted for 7 cents per $100 in transactions, down from 18 cents per $100 in 1990. "We could have a system reducing fraud to zero basis points, but it wouldn't meet what consumers are demanding," said Rosetta Jones, a Visa spokeswoman. "We need to deliver what consumers want in a way that is secure." Zero is probably a bit too optimistic, but the idea is the same.