How to reduce credit card fraud
The big daddy of 2005’s many credit card heists was probably the CardSystems breach, which put as many as 40 million credit card numbers at risk. That’s one compromised credit card number for every 18 adults in the United States. So what exactly are merchants doing to prevent fraudulent purchases? Here’s a snapshot from Sharper Image, the San Francisco–based retailer of high-end doodads, which earned revenue last year of $760 million.
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