On January 30, 1996 hua[SMTP:hua@chromatic.com] wrote:

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the credit card companies in detecting fraud and locating criminals is

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quite real.

Retail clerks are not lone bandits.

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Of course, since Federal law requires the credit card companies, not

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user, to pay the costs of fraud, First Virtual's entire premise is a red herring. If the credit card companies are willing to take the risk,

My point is not that all retail clerks are bandits. Most are trustworthy, but surely any long time CC user has given their card to someone who would rip them off if they thought they could get away with it. My point is that CC #'s are not national security secrets, they are disclosed to potential adversaries regularly. the they

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will (and are).

Federal law does not require that a company stay in business once it has entered the banking market.

The point is FV's post relies on a frightening and false premise - that the users are exposed to one or more financial risks by FV's keyboard sniffer threat. dvw