[s-cars] Fw: German business practice and security

[ccohen5]

| E & W using their SYSTRUST cert. and Oracle have verified that your claim
is
| true in principle but the likelihood of loss per transaction or per
million
| of float or transfer is about half using a system like ours as compared
with
| a check in the US system.  even less in Europe and unknown in As-Pac but
the
| Aussies have some separate certs that show their systems are similar to EU
| in terms of security.
|
| Highest rate of loss is cash because of petty theft both before and after
| the transaction.
|
| Bu then until the 1970s, De Beers sent all their diamonds around Europe
and
| from Africa by parcel post.  So the antediluvian processes are very hard
to
| shake even for Audi nuts where progress is supposed to come from
| technology...right?
|
| Colin
|
| >>>>>>>>>>>>>>>>>>>>>>>>>
|
| I have a fair amount of experience with computers and anyone who
| thinks they make a secure transaction is a fool. I know guys who
| could hack anything, thank god they don't. I feel this widespread
| practice of depending on electronic money will cause real problems.
| What will we all do when the current age of terrorism gets onto this?
| I ask you all to think of the implications of this, and I am very
| serious. What can cause a war faster than money? Take down an
| international banking system with no way to prove or track moneys
| owed or paid. I  think this is a dark path. I pay cash when I can.
| Rod
|
|