Comments on: Privacy, Security & Convenience on a Collision Course http://www.threatmetrix.com/fraudsandends/account-compromise/new-account-fraud-pays-more/ News & Views on Fraud Prevention and Device ID Wed, 03 Nov 2010 21:40:07 +0000 hourly 1 By: GRey http://www.threatmetrix.com/fraudsandends/account-compromise/new-account-fraud-pays-more/comment-page-1/#comment-1983 GRey Wed, 17 Feb 2010 21:05:15 +0000 http://www.threatmetrix.com/fraudsandends/?p=419#comment-1983 The gaping holes are: how many credit cards were compromised in 2008 - we don't know; That number times the mean fraud loss would give us the picture we need. The missing data only gives us a false sense of accomplishment. A six percent jump could be meaningless. Also, regardless of all the advances that the bad guys reportedly have over us, the one distinction that is missing from every comparison and expert analysis is that they don’t have to play by the rules. If the good guys didn’t have to play by the rules, the bad guys would be reduced to petty thieves. The gaping holes are: how many credit cards were compromised in 2008 – we don’t know; That number times the mean fraud loss would give us the picture we need. The missing data only gives us a false sense of accomplishment. A six percent jump could be meaningless.

Also, regardless of all the advances that the bad guys reportedly have over us, the one distinction that is missing from every comparison and expert analysis is that they don’t have to play by the rules. If the good guys didn’t have to play by the rules, the bad guys would be reduced to petty thieves.

]]>