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Learn How Banks Use Data Masking for Payment Card Fraud

Payment card fraud has mushroomed into a massive challenge for consumers, financial institutions, regulators, and law enforcement. As the accessibility and usage of credit and debit cards grows and transaction volumes increase, banks are losing tens of billions of dollars on an annual basis to fraudsters. The Nilson Report estimated that of every dollar of transaction about five cents is lost to fraud—a massive drain on the overall system.
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