Casa Client Case Study: The Tinder Trap • Hacker News Board

Re: Casa Client Case Study: The Tinder Trap

#41

Post by gruez » Fri, Jul 09, 2021, 2:40 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

>I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police.

What about the stories of companies being scammed via wire transfer?

Re: Casa Client Case Study: The Tinder Trap

#42

Post by jcpham2 » Fri, Jul 09, 2021, 2:40 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

reversible payments equals double spending, which is fraud, which is your payments industry. read the white paper start over. do not collect $200

Re: Casa Client Case Study: The Tinder Trap

#43

Post by BelenusMordred » Fri, Jul 09, 2021, 2:40 PM UTC

lordnacho wrote: post #12

But if you don't have the keys to move your money, it becomes a lot less useful as money. It's still like gold though, something that you have a sort of vault that you rarely visit. If you got drugged and someone took your phone to do a bank transfer, I would imagine there would be some hope of reversing the transfer, with a whole lot of painful steps. With crypto it's pretty futile if they manage to move it. Also th…

Secret sharing is a trivially easy solution to this problem.

Re: Casa Client Case Study: The Tinder Trap

#44

Post by Cthulhu_ » Fri, Jul 09, 2021, 2:41 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

This article reads like an advert for this service (casa) pushing for similar bank guarantees / insurance as traditional banks, so er. Yeah basically the same thing. I mean if someone steals your cash money there's no way to get it back either.

Re: Casa Client Case Study: The Tinder Trap

#45

Post by hn_throwaway_99 » Fri, Jul 09, 2021, 2:41 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

> Are there plans to build equivalent features on Blockchain for crypto currencies?

Basically every crypto enthusiast out there touts the non-reversibility of crypto transactions as its primary feature, not a bug, and that is why I see crypto as generally useless for your average person.

Re: Casa Client Case Study: The Tinder Trap

#46

Post by Cthulhu_ » Fri, Jul 09, 2021, 2:43 PM UTC

papito wrote: post #26

asdfasgasdgasdg wrote: post #18

If the money were in a bank or investment account, the worst this guy would have to deal with (in the US) is a little aggravation when getting the fraudulent transactions reversed. Personally I wouldn't reveal to strangers that I'm into crypto. It's like broadcasting the fact that you've got thousands of dollars of cash in your pocket.

I got roofied once in a bar and the next thing I knew I was going back to my place in the back of a car. They gave me weed, too. You are completely out of it, you will say whatever they ask you. This is how truth serum works, at its core. So, the girl(s) called Chase posing as my wife and transferred $500 out of my account. A nice chunk of cash, but not too greedy so I could let it go and not pursue it any further. Y…

It's kinda scary that they can order a cash transaction via phone. Is there no identity verification at all?

Re: Casa Client Case Study: The Tinder Trap

#47

Post by qwertox » Fri, Jul 09, 2021, 2:43 PM UTC

polote wrote: post #3

Honestly I wouldn't put too much trust into a SEO blog article. A better title would be. "If you get drugged and use Casa, you will be able to save your money"

> In an attack where you are no longer in control of your own mind or body, you must consider yourself to be your own worst enemy.

Though it does have some valid points.

Re: Casa Client Case Study: The Tinder Trap

#48

Post by Cthulhu_ » Fri, Jul 09, 2021, 2:44 PM UTC

devoutsalsa wrote: post #28

break_the_bank wrote: post #20

Earlier quoted context omitted.

I suppose you can have a spend wallet and a net worth wallet.

Makes sense to me. I keep maybe $1200 USD in the account tied to my debit card, and anything above that in an account w/o a debit card.

Yup, same, it's pretty common sense to only have about what you need for a month in your checking account. That's something the banks themselves promote as well, since it's in their best interest to limit damage as well, since they will put the money back if you've been defrauded.

Re: Casa Client Case Study: The Tinder Trap

#49

Post by mustafa_pasi » Fri, Jul 09, 2021, 2:44 PM UTC

declnz wrote: post #22

abstractbarista wrote: post #8

While the article seems part-advertisement, the risk is real. Best not to let strangers know your worth, and use multi-factor authentication everywhere. It's a disgusting (and beautiful) world we live in!

But one point of the article was that he did have MFA - and it's no use in this scenario (attacker had physical access to second factor)

It's not really MFA if it's all done on your phone.

Re: Casa Client Case Study: The Tinder Trap

#50

Post by drcode » Fri, Jul 09, 2021, 2:44 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

Ethereum has had a couple of reversible payment systems built over the years, but nobody used them. Non-reversible, immediate, guaranteed transactions are just more convenient outside of a few edge cases