Comment by malfist
7 hours ago
If I set my walet beside me and you swipe in walking by, you have still committed theft. Victim blaming isn't legally acceptable
7 hours ago
If I set my walet beside me and you swipe in walking by, you have still committed theft. Victim blaming isn't legally acceptable
Nah. I'm definitely going to blame the people who built a trivially exploitable system and got rich off it while everyone else has to deal with the consequences.
By the way, you didn't commit theft. It's more like credit card fraud. User just disputes the charge and it kind of disappears. The banking system just absorbs it, because the optimal amount of fraud is non-zero.
https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra...
It's all priced in. They could have made it secure but didn't, because they figured they'd lose more sales and therefore money due to the friction added by the security.
> User just disputes the charge and it kind of disappears. The banking system just absorbs it,
No it doesn’t.
> It's all priced in.
So you admit awareness that fraud loss doesn’t kind of disappear.
We all pay for it, either via higher merchant fees or higher interest rates, sometimes both, on card purchases.
Yes, it absolutely does "kind of disappear". That's exactly what happens from the customer's perspective.
And that's their own deliberate choice too: they chose this instead of building an actually secure system. Passing these costs to the customer is the real victim blaming here, and it should be straight up illegal.
Sadly not enough countries enforce caps on credit card fees, but some do, and more should follow suit. They should be forced to eat the losses caused by their own choices, not get bailed out by pushing the costs on to customers or whatever.
1 reply →
Not every system that's exploitable is the deliberate result of cut corners. If you threw enough compute at exploiting a Casio calculator you could get somewhere.
That doesn't really apply to the people running the AI, which gave it the capability to commit crimes.
They don't get to act like victims, asking for law enforcement.