North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical Re: Are botnets relevant to NANOG?
On Fri, 26 May 2006, Gadi Evron wrote: > I honestly want to know why a precise number matters? It will only be > higher than our facts based upon our different observation points. http://www.nytimes.com/2006/05/30/us/30identity.html Credit card companies point to new monitoring systems that have reduced loss from fraud as a percentage of overall transaction volume. At Visa, fraud accounted for 7 cents per $100 in transactions, down from 18 cents per $100 in 1990. "We could have a system reducing fraud to zero basis points, but it wouldn't meet what consumers are demanding," said Rosetta Jones, a Visa spokeswoman. "We need to deliver what consumers want in a way that is secure." Zero is probably a bit too optimistic, but the idea is the same.
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