At the end of the day, you end up paying for fraud. The article might say that business “absorb” the cost, but that’s bullshit. Business “absorb” the cost by in

At the end of the day, you end up paying for fraud. The article might say that business “absorb” the cost, but that’s bullshit. Business “absorb” the cost by increasing prices, and increasing fees. Given the fraud generally effect all businesses in the same market equally, there’s little incentive for businesses to reduce fraud, because it cost all of their competitors are having to absorb, so everyone just bakes the cost of fraud into their prices.