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. Another insidious side effect of payment card fraud is identity theft. To guard against these impending threats, financial institutions are increasingly turning to Hadoop and software designed to detect and protect sensitive data in real-time.
Join Dataguise, a leader in data masking, and Hortonworks for this live webinar to learn how some of the biggest financial institutions are thwarting payment card fraud while maintaining personal information security and compliance.