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
You don’t want to spend more money securing something, than what that something is worth. The fraud is part of the cost of doing banking.
When the fraud goes up, banks spend more money implementing security. If the fraud is as usual or goes down, it makes no sense to spend more money on security.
Cash also have a high cost of security. Everything from storage, transportation, getting the money into bank account and risk of heists (which was high in the nineties, both in money and traumatized victims).
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