Dear Mr. Seth Godin – You’re right. A lot can happen when ‘we’ organize.
Posted by Andre Edelbrock on Mon, Nov 17, 2008
The problem is that the ‘we’ is often the bad guys.
For example - criminals around the world are benefiting from being better organized and using the Internet to work together. In the UK, banking losses due to fraud soared to £301.7m in the first half of 2008 compared to £263.6m in the same period last year, according to the latest figures from UK banking association APACS. Card-not-present fraud (a category that includes e-commerce fraud as well as phone and mail order scams) rose 18% to reach £161.9m in that same period.
So with the good guys losing the battle of the organized to the bad guys, you and I as consumers and businessmen pay a price…literally as the APACS numbers show.
But all good things must come to an end. Banks and businesses have had enough. The power shift, in favor of the good guys, has begun, as in the same way the criminals have leveraged the power of organizing and the Internet, businesses and banks around the world are now working together to fight fraud head-on.
Watch the following video clip of Gilbert Fiorentino, CEO of TigerDirect, to see just how mad online retailers are getting, and what they're prepared to do about it.
Click this link if you can't see the embedded video above.
Watch what happens when hundreds organize…boom…new rules indeed.
Click here to read Seth Godin’s post on this.