4 ms·
> We need empirical definition of what constitutes "high risk" is Average CC fraud rate is 0.04% of credit card transactions. A 'high' rate would be greater th
by nikcub 13y ago
> We need empirical definition of what constitutes "high risk" is
Average CC fraud rate is 0.04% of credit card transactions. A 'high' rate would be greater than 0.1%.
The site categories that are listed frequently have fraud rates of 1% or higher, they are way above average. Webcam site fraud rates are at least 1%, if you counted attempts you could multiply that by an order of magnitude.
Further, what isn't fraud on the webcam sites is often money laundering. As much as I hate to admit it, but the DOJ are right to be wary of them (not that I agree with shutting down sites or porn star bank accounts carte blanche).
Webcamming is a very easy way to launder money, and it happens. A lot.