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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.
Carlo R.W. De Meijer Owner and Economist at MIFSA
11 September
Ruchi Rathor Founder at Payomatix Technologies
10 September
Ahmad Almoosa Cofounder & CEO at Mazeed
Alex Kreger Founder & CEO at UXDA
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