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
Banks have managed to convince people and lawmakers that if someone defrauds them by using a false identity, the person on the ID is the victim and not the bank.
Credit card fraud *is* a huge issue, but the banks call it “identity theft” and make us responsible for it. Learn more [The Seven Minute Rule](https://www.pushkin.fm/podcasts/against-the-rules/the-seven-minute-rule).
Latest Answers