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Banks set up war rooms, adopt military-style tactics to fight cybercrime

Employees at Mastercard’s “fusion center” in O’Fallon, Mo., Feb. 16, 2018. At the center, company experts in fraud detection, network engineering and forensic analysis work alongside employees from the legal and customer service departments. (Whitney Curtis/The New York Times)

Cybercrime is one of the world’s fastest-growing and most lucrative industries, and seen as one of the greatest risks to the U.S. financial sector. For banks and payment companies, the fight feels like a war — and they are responding with an increasingly militarized approach.

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