3 ms·
Do we have a comparison of how much is lost to fraud otherwise, without bitcoins? Anecdotally, the only time I have ever been defrauded of money was when my de
by jordigh 11y ago
Do we have a comparison of how much is lost to fraud otherwise, without bitcoins?
Anecdotally, the only time I have ever been defrauded of money was when my debit card was skimmed. The fraudsters kept trying to withdraw money, which I didn't keep in that account as I immediately took it elsewhere. It was the account in which I received my paycheque. The fraudsters were able to steal one of my paycheques, and the bank was completely ineffective in protecting me. I got no warnings of unusual activity, and I got no money back. I should have gotten some sort of warning, since someone was repeatedly trying to withdraw money from unusual locations from my empty account. Even my account history showed nothing. Not until I asked the bank after the money was already gone did I learn that the fraudsters had been attempting every day to withdraw the money.
How many stories like mine are there compared to bitcoin stories?
- pjc50 11y agoA few seconds of googling gives me UK figures of £479m fraud on a volume of £573bn, which is under 0.1%, and much of that falls on merchants. http://www.theukcardsassociation.org.uk/plastic_fraud_figures/index.asp http://www.theukcardsassociation.org.uk/plastic_fraud_figure... http://www.theukcardsassociation.org.uk/plastic_fraud_figures/index.asp http://www.theukcardsassociation.org.uk/plastic_fraud_figure...