It’s kind of amazing to me that despite the sheer insecurity of US consumer financial products like credit cards that the rate of credit card fraud isn’t even higher than it is. Maybe there’s an incentive somewhere we’re unaware of to allow such fraud to occur.
The rate of fraud is low enough that the cost reduce it further would be more than the savings. That sucks for you if you're a fraud victim, but the card companies don't really care if they make more money by not trying to stop more fraud.
