Comment Re:That's partly how it should be (Score 1) 190
Yes, the credit card company is the defrauded entity, but you understand that they are not the ones who suffer the monetary loss. Don't you? The credit card issuer passes on the cost of the fraud to its customers in the form of account charges. Ever wonder why if you lend your money to an institution you are lucky to earn 1% interest - but if a credit card issuer lends you money, it will cost you in excess of 20%?
Some of that is waste and abuse and obscene profits. And some of it is credit card fraud.