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he's saying that his company knowingly allows a percentage of fraud, identity, and financial theft to occur against his customers' customers because there are e
by liveoneggs 8y ago
he's saying that his company knowingly allows a percentage of fraud, identity, and financial theft to occur against his customers' customers because there are enough layers of indirection where they (he and his bosses) probably can't be held personally responsible. Enough efforts (fancy tables with big receipts, etc) have been provided for coverage in case of a court case or media blitz but actually using a reputable supplier is clearly too expensive.
I can't believe the parent comment is so brazen. It makes me physically sick.
- candiodari 8y agoI guess it's news to you that the financial sector and especially banks in fact do exactly that: https://www.creditcards.com/credit-card-news/credit-card-security-id-theft-fraud-statistics-1276.php https://www.creditcards.com/credit-card-news/credit-card-sec... But it doesn't stop with the cards. ATMs, Tax Fraud, ... almost all businesses within banks have to deal with fraud and there is some threshold that they just allow to happen.
- liveoneggs 8y agoknowing about it and willfully facilitating it are two different things
- mattkerle 8y agolike shoplifting. Most large chains know exactly how much "loss" they experience, and they just raise their prices to cover it. Theft and fraud is a part of life unfortunately...