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What kind of fraud can occur from stolen customer data?

Your customers can suffer significant financial loss and inconvenience due to the sensitive data being stolen, which can result in:

  • Fraudulent spend on their accounts;
  • Accounts being taken over by the fraudsters to commit further frauds;
  • In some extreme cases where personal data is also stolen, the customer may have their identities stolen, which could result in fraudulent loans and other financial applications being taken out in their names.

If you have any questions regarding PCI DSS, please contact your acquirer bank.

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