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More's Law ... more or less.
More(profit.per.fraud) x More(potential.for.fraud.data.breaches) x More(people.trying.to.commit.fraud) = More fraud
Add some economic hardship into the equation somewhere.
+ or x More(economic.hardship)
What's the answer to that one? More...
Internet crime (FBI Internet Crime Complaints Centre Report 2007.pdf:
1. 20% More profit.per.fraud.
2 Under-reported? + more
3. Under-investigated? - whatever
4. 0.3% Less fraud reported (insignificant statistic)
Of course potential.for.fraud could be less in times of More(economic.hardship) resulting in less profit.per.fraud, but that will probably be balanced by More(people.trying.to.commit.fraud) in times of More(economic.hardship). Whatever...
Just More.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Muhammad Qasim Senior Software Developer at PSPC
16 October
Adam Preis Global Strategist at Ping Identity
Christoffer Hernæs Chief Technology Officer at Stø
Naina Rajgopalan Content Head at Freo
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