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Besides some miscellaneous bits about the guy not being a good businessman, one lesson I think everyone can learn from this is the following: --if you do anyth
by jellicle 17y ago
Besides some miscellaneous bits about the guy not being a good businessman, one lesson I think everyone can learn from this is the following:
--if you do anything with shifting money on the internet, your first and largest group of customers will be fraudsters. Plans to deal with this need to be in place from day 1, if not before.
Fundable was beset by fraud, and for whatever reason, failed to deal with it in a successful fashion.
It's sort of like input/output sanitization. If you take input from one user, and show it to another user, you've got HTML security problems. If you take money from one user, and you give it another user, you've got massive fraud problems, unless you have a comprehensive "money sanitization" process operating behind the scenes.