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 work with a credit card monitoring vendor which is one of many defenses against card fraud that card issuers employ. Many cards posted for sale on card markets are caught quickly and invalidated before any major charges can be made on them. The vendor also conducts research with the card issuers to pin point where cards are being stolen from so they can monitor other cards previously used at that location.
Though despite this, credit card companies make so much money they are still simply able to just eat the cost of successful fraud much of the time.
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