• ATM theft the 'dumbest thing ever'

    A man broke into a convenience store in Putnam County, W. Va., and dragged out the ATM using a tow strap and chain attached to his truck, but was arrested when he returned to the scene of the crime …
    Tags: Security
    February 7, 2012
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Watch those NACHA emailsCommunity banks and credit unions can make a significant dent in fraud losses by giving cardholders a heads-up where fraud is concerned. This is particularly important in the area of phishing attacks, which are coming fast and furious – and …
Five FFIEC compliance tips for banksExperian's Chris Ryan addressed five major questions about compliance with the Federal Financial Institutions Examination Council's recent guidance on banking authentication. What follows are his responses, summarized: What does "layered security …
Card security: The U.S. EMV migrationEMV, which stands for Europay, MasterCard and Visa, refers to the chip and PIN payment card technology commonly used in Europe and elsewhere around the world. Credit cards that incorporate an embedded microprocessor chip are far more secure than any …
One very easy way to reduce fraud lossFraud prevention is a complex endeavor. There is a litany of methods a financial institution can implement to lower or even stop debit card fraud. However, for many it comes down to what the FI can reasonably afford and how that investment meshes …
ATM security threats diversifyThe world's largest ATM security conference (ATM Security 2011) was held in London last month and it is clear that ATM security is still a major issue. Skimming remains the dominant threat, although losses are falling in most countries. Ironically …
Identity theft ring targeted banksIn what is considered "the largest identity theft takedown in U.S. history," 111 individuals were indicted for "stealing the personal credit information of thousands of unwitting American and European consumers and costing individuals, financial …
Is closed loop the future of biometrics in banking?Two years ago I asked the question, "When will biometrics break into the big time?" In the intervening period there has been no progress toward global or even national standards for biometrics in retail banking, but that is not to say that nothing …
Cloud-based ATMs are coming your wayCriminals often target cash machines, as well as various other automated kiosks that dispense DVDs, tickets or other merchandise. They have discovered numerous techniques for compromising these devices. According to the ATM Industry Association, ATM …
Regulation E protects consumers, not businessesConsumers enjoy a certain level of protection that business bank accounts do not, and it's called "Regulation E." Limitations on amount of liability—a consumer's liability for an unauthorized electronic fund transfer or a series of related …
Security and compliance: Longing for the good old daysIt seems as though the good 'ole days of ATMs have faded away with the last episode of the Andy Griffith show. Although Mayberry was a Hollywood invention, I am sure a lot of ATM owners long for the days of a simpler ATM life. In most instances, the …
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