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Credit Card Bazaar

Matt Richtel in the NY Times reports on a Russian online market for stolen credit card numbers.

Among his data points is a finding from a market research firm that fraud rates are three times higher for online MasterCard and Visa transactions than in the real world. We're still talking about a quarter of one percent, but that means one out of every 400 online transactions is fradulent, and that feels like  rather a lot.




This page contains a single entry from the blog posted on May 12, 2002 9:52 PM.

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