Ask HN: Fraud is a business model, Do we fix it?

Online Payment Card Fraud (VISA/MC/AMEX/DSC)

Identity Theft Fraud

Can these types of fraud be stopped ? Sure!

Should they be ? Well, that's a good question. Fraud has become so widespread that companies are now willing to pay for fraud protection. We let it become so bad that fixing the problem will cause a disaster, thousands of people who once worked to reduce these types of fraud will have no purpose and thus no job. However, these carders[1] are becoming very aggressive, businesses are losing loads of money, and innovation is hurting in the payments space.

Do you think the loss of jobs is worth it?

[1] carders are the users of stolen payment/identity data