DarkReading: ATM and debit card theft is expected to grow 10 percent to 14 percent this year, according to a survey of financial institutions that was released today. Nearly 70 percent of the financial institutions that responded to the survey conducted by antifraud firm Actimize said they experienced an increase in ATM/debit card fraud claims in 2008 when compared to 2007. Around 23 percent said those claims jumped between 5 percent and 9 percent; around 16 percent said they had jumped between 10 percent and 14 percent; 17.5 percent said they had jumped between 15 percent and 19 percent; nearly 9 percent said they had jumped between 20 percent and 24 percent; 11 percent said they had jumped between 25 percent and 49 percent; and 5 percent said fraud claims had jumped between 50 percent to 74 percent. Last year, respondents lost an average of $744,321, with some as high as $12 million, to ATM fraud alone, and an average of $145,560, or as high as $1 million, to data breaches, according to the survey.
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