How Payment Businesses Deal with Fraud and Data leaks

Written by dziubenko | Published 2022/07/23
Tech Story Tags: cybersecurity | security | fraud | cyber-threats | data-security | data-science | business-strategy | optimization

TLDRIn 2021-2022, the average cost of a data leak in hybrid infrastructure in the USA is $3.6 million per incident. The average worth of data leakage is even higher, reaching $5,85 million for financial institutions. The number and cost of incidents will increase along with the cost of data processing. The provider, for its part, can influence the amount of fraud. There are several methods in the arsenal of the provider that ensure efficient work. These include a rule engine and AI that filters transactions based on established rules.via the TL;DR App
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Written by dziubenko | Co-founder & CTO at Corefy
Published by HackerNoon on 2022/07/23
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