Card Not Present Fraud , Incident & Breach Response , Infographics
Infographic: Payment Card Breach Lifecycle
A Look At How Card Issuers, Consumers and Fraudsters Respond
In the aftermath of a payment card breach, as fraudsters race to exploit the stolen information, card issuers and affected customers take steps to mitigate risks.
See Also: 2020 Gartner Market Guide for Network Detection and Response
Card issuers will work to determine the entity that was breached and which cards were compromised. After learning they are affected, consumers will take steps to protect themselves, such as signing up for credit monitoring services and watching their monthly statements. Meanwhile, the fraudsters will work fast to test the stolen account data to ensure card numbers are still valid and then sell the credentials on online card forums.
The following infographic looks at the lifecycle of a payment card breach from these three perspectives.
