> The real damages here are going to be to the banks and credit card companies that will have to absorb the costs of all the fraud.
This is not true at all. They simply reverse the charges. Businesses who accepted the fraudulent transaction(s) are on the hook for it. Anyone who runs a business and handles credit card processing can confirm this.
This is not true at all. They simply reverse the charges. Businesses who accepted the fraudulent transaction(s) are on the hook for it. Anyone who runs a business and handles credit card processing can confirm this.