Gemini Advisory - Best Practices for Breach Identification
Common Sense Virtual Roundtable:

Best Practices for
Breach Identification

September 23rd, Successfully held

Presented by

Gemini Advisory

Here’s what we discussed:

The ability to identify compromised payment cards that have been exposed in a data breach is critical to taking timely action to prevent or mitigate fraud losses. However, it can be difficult for banks acting on their own to identify the source of a card breach using only their own transaction data. Typically this analysis occurs only after fraudulent transactions have been placed and identified.

In this virtual roundtable, we discussed how banks are expanding their toolboxes to take more proactive measures to prevent fraud before it occurs.
Here are some questions we discussed:
  • How do you currently identify common points of purchase and merchants who have been breached?
  • Has your analysis revealed an increase in payments processor breaches which often affect dozens or even hundreds of merchants at one time?
  • Do you notify the breached merchant or LE if they are identified as a CPP? Does the answer change if they do business with your financial institution?
  • Do you participate in information exchange with other organizations or industry groups?
  • Do you leverage dark web data as part of your CPP analysis? Do you proactively identify infected e-commerce sites?
  • How do you use the data you receive? Fraud risk models, card re-issuance policies? Are you able to prevent fraud or are you reacting to charges as they occur?
  • What is your turnaround time to take action on affected cards?

Moderated by 

Stas Alforov
Director of Research and Development at Gemini Advisory
LinkedIn

Participation in the Virtual Roundtable is free of charge to qualified attendees. Once you’ve completed the registration, we’ll confirm your invitation and send you a calendar invite with a link to the meeting.

If you don’t qualify, we’ll suggest other learning events that may be a better fit for you.

Here’s what attendees at past events have said:

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Mitch Speers

+1 917-750-7287

Ash Prasad

+1 218-389-7816




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