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Re: Are botnets relevant to NANOG?
- From: Sean Donelan
- Date: Tue May 30 11:18:41 2006
On Fri, 26 May 2006, Gadi Evron wrote:
> I honestly want to know why a precise number matters? It will only be
> higher than our facts based upon our different observation points.
Credit card companies point to new monitoring systems that have reduced
loss from fraud as a percentage of overall transaction volume. At Visa,
fraud accounted for 7 cents per $100 in transactions, down from 18 cents
per $100 in 1990. "We could have a system reducing fraud to zero basis
points, but it wouldn't meet what consumers are demanding," said Rosetta
Jones, a Visa spokeswoman. "We need to deliver what consumers want in a
way that is secure."
Zero is probably a bit too optimistic, but the idea is the same.