The $48 Billion Blind Spot: Why Merchants Pay for Card Breaches They Can’t See

This report explains that more than 200 million compromised payment card records—sourced from dark web marketplaces and stealer malware logs—are actively enabling large-scale card-not-present fraud, causing significant chargeback and financial losses for e-commerce and iGaming merchants; it presents Group-IB’s Cyber Fraud Intelligence Platform using Distributed Tokenization to enable privacy-preserving, real-time checks at transaction authorization to identify compromised cards without exposing raw card data or expanding PCI DSS scope.