I come from a country where most people don’t have a credit card.
I cannot wrap my head around [this](https://m.youtube.com/watch?v=vmh3_nSR1jU) documentary.
Now I get that credit card fraud *is* a big problem.
But if all you need is the card number to order stuff, and card numbers are so easy to come by as shown in the documentary, then why is not every single criminal in the US running a credit card fraud operation?
It seems super easy and low risk. Get a burner device, order stuff from public wifi, and don’t be stupid about the delivery locations.
In: 548
I sold consumer fraud alerting solutions to large banks a few years ago, and by far the most prevalent pushback was “we don’t want our customers to know how much fraud occurs on their accounts” – a huge amount of fraud is recognized by the banks, who then eat the cost and do not post it to customer billing accounts.
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