Re:The optimal amount of fraud is non-zero
by gonzo41 on Saturday September 03, 2022 @11:23AM
(#32702729)
I would think the strategy would be to encourage low impact fraud with lazy compliance and making a customer whole (Credit card chargebacks). And then hunt out and destroy high impact fraud.
With the intent to incentivize and train criminals to stay small and low impact.
If you're a retail platform, and you have a few scammers making a few grand of 20-100 dollar scams. You can play wack a mole with them and then that keeps people doing that small fraud rather than leveling up and potentially doing crimes that could endanger the whole business with the exposure.
With the intent to incentivize and train criminals to stay small and low impact.
If you're a retail platform, and you have a few scammers making a few grand of 20-100 dollar scams. You can play wack a mole with them and then that keeps people doing that small fraud rather than leveling up and potentially doing crimes that could endanger the whole business with the exposure.