E-commerce companies remain a large target with Magecart attacks and other digital skimming techniques frequently infecting retail websites to steal credit card details which are later resold on darknet marketplaces.
Often these infections go unnoticed for weeks or months, yielding cybercriminals a bounty of payment card details.
Through our Magecart Overwatch, Gemini Advisory scours the web analyzing websites for active infections. We are able to monitor active infections to provide a timeline of exposure. This insight enables you to take action to lower your or your partners’ infrastructure risk exposure from digital skimming attacks.
With this data, financial institutions can better identify cards in their portfolio that were exposed and take precautions to mitigate the impact of the digital skimming attack by preventing fraudulent charges. By proactively identifying infected sites, financial institutions can identify cards used on those sites, to implement fraud mitigation steps before fraudulent charges occur.
Acquiring banks can proactively identify and notify infected merchants to reduce fraud instances. By identifying infected merchants, banks can take steps to help merchants reduce exposure and reduce the cards affected that may ultimately result in chargebacks when the cards are used fraudulently.
Shopping platforms can monitor or alert individual e-commerce sites to secure their partners’ platforms to mitigate the impact of an infection.Learn more
Fraud Analytics, Large US Card Issuer
Fraud Analyst, Swedbank
Senior Fraud Analyst, Swedbank