how is the US banking system not crippled by credit card fraud?

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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.

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Anonymous 0 Comments

I mean, you also have to remember that this particular scam was from back in the late ’80s and early ’90s.

Banks have gotten *considerably* better at detecting fraudulent charges now, and even for the charges that slip through the total amount of money lost is pretty insignificant.

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