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Faster Data Breach Detection Using Artificial Intelligence

Sixty-six percent of breaches take months or even years to discover. Over the course of 155 days one famous retailer suffered a massive security breach, compromising 56M cardholder accounts, with a total estimated breach cost of $1B. But what if the time of a breach could be reduced to just days? On Wednesday, May 13th at 1:00 PM (EST), PYMNTS will host a live chat with Neil Jones, Director at Brighterion and Julie Conroy, Research Director at Aite Group to unveil how innovative artificial intelligence and machine learning technologies can deliver fraud detection at unprecedented speed.

Sixty-six percent of breaches take months or even years to discover. Over the course of 155 days, one famous retailer suffered a massive security breach, compromising 56M cardholder accounts, with a total estimated breach cost of $1B. But what if the time of a breach could be reduced to just days? On Wednesday, May 13th, PYMNTS hosted a live chat with Neil Jones, Director at Brighterion, and Julie Conroy, Research Director at Aite Group, to unveil how innovative artificial intelligence and machine learning technologies can deliver fraud detection at unprecedented speed.

Key discussion points:

  • Details on the five stages of a data breach: Perimeter Security, intrusion detection, exfiltration detection and fraud prevention
  • How issuers, acquirers and POS manufacturers can use Brighterion’s Real-Time Intelligence to spot and stop data breaches 3-4 times faster
  • The ways in which cybercriminals really harvest data

DIGITAL DISCUSSION PRESENTERS 

Neil Jones - Brighterion

Neil Jones, Director at Brighterion 

Neil Jones is responsible for delivering sales and revenue growth. Neil brings 18 years of sales and revenue management experience to the company. Prior to joining Brighterion, Neil’s career has focused on financial services consulting and technology businesses, where he has a track record of growing sales and revenues rapidly as either business unit leader, Sales Director, CEO or Founder.

Neil is also responsible for the development of iDetect, Brighterion’s payment data breach detection solution that identifies data breaches within days of the first fraudulent transactions occurring.

Neil holds a Bachelor of Arts degree in Economics from the University of York and is an Associate of the Chartered Institute of Bankers.

 

Julie Conroy

Julie Conroy, Research Director at Aite Group 

Julie Conroy is a research director at Aite Group, and covers fraud, data security and anti-money laundering issues. She has more than a decade of hands-on product management experience working with financial institutions, payments processors, and risk management companies, including a number of years leading the product team at Early Warning Services. Julie is often quoted in numerous media outlets, including The Wall Street Journal, U.S News and World Report, American Banker, and The New York Times. Julie holds an M.A. from the Monterey Institute of International Studies and a B.A. in Business from the Michigan State University Honors College.

 


DIGITAL DISCUSSION HOST

Karen Webster

Karen Webster, CEO of Market Platform Dynamics 

Karen Webster is one of the world’s leading experts on payments, commerce and retail innovation and a strategic advisor to CEOs and Boards of multinational players in those sectors. As CEO of Market Platform Dynamics, she works extensively with the most innovative players in the payments, financial services, mobile, retail, B2B, digital media and technology sectors to help them maximize the value of their platform assets, design disruptive new business models and ignite and monetize new innovation. Karen also serves as a member of the advisory board for several emerging companies.

 

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Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The September 2019 AML/KYC Tracker Report provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

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