ATM Skimming - Modern-Day Bank Robbery [infographic]

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What ATM end users need to know about card skimming and their role in preventing it.

FEATURES


The Fraudulent Four: The world's worst payment frauds and security failures

The payments industry never stops looking for new techniques and safeguards to stop thieves and fraudsters. Even so, we constantly hear about their exploits worldwide.

Quite the tale: Tying up loose ends

It came as a surprise to discover that a free-standing white-label ATM I was about to use had something strange going on — a highly conspicuous communications 'tail' running who knows where.

Fed study finds that ATM, debit might be safer than credit cards

In 2012, PIN debit card transactions - including both purchases and ATM cash withdrawals - had the lowest fraud rates among general-purpose cards by both number and value.

Data Breach Planning 101

A security system that’s impenetrable has yet to be invented. So don’t think in terms of “if” you’ll suffer a data breach, but rather, “when.”

Malware can hide in the most obvious places

In a New York Times online report, one security expert said that third-party leaks might account for 70 percent of data breaches - and from the least suspected vendors, at that.

The Diebold ActiveEdge card reader: A turn for the better?

Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.

The Diebold ActivEdge ATM card reader: A turn for the better?

Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.

Fed study fills in the numbers for ATM transaction volumes and values

A study by the US Federal Reserve indicates that Americans are making fewer trips to the ATM, but taking out (or depositing) more cash when they do stop by.

How will the ATM industry keep up with escalating fraud?

Execs from Wincor and Diebold explain how a global ATM security association will help make the response to criminal exploits faster and more efficient.

Governments worldwide continue scrutiny of virtual currencies

New York's proposed BitLicense regulatory framework is one of several current initiatives developing around the globe.

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NEWS


With 56M cards compromised, Home Depot data breach tops Target's

An investigation has revealed that the custom-built malware deployed at Home Depot was different from that used in the 2013 holiday season breach at Target stores.

Co-op to introduce controls-and-alerts mobile app for CU member bankcards

The app gives users full control of their credit and debit cards, with options that include on-off, location, spending limits, and transaction and merchant types.

Police in India say ATM security is still lacking

Ten months after a woman was nearly killed by a machete-wielding assailant in Bangalore, many ATMs still lack CCTV cameras and able-bodied watchmen.

Study: Financial services firms fail to act aggressively against cyberthreats

Cyberattacks against financial services providers are on the rise, but many firms' response is disproportionately weak in comparison with the threat level.

EMF to host EMV terminal training workshop for industry groups

The one-day event will provide a comprehensive review of chip technology, as well as focused sessions on development and best practices for implementation.

CSI supports tokenization for mobile payment security

Tokenization allows CSI customers to participate fully with leading mobile wallet providers, including the recently announced Apple Pay service.

FIs see mounting ATM fraud following Home Depot data breach

The retailer says that no PIN data was stolen in the breach. However criminals have found other ways to solve the problem of missing PINs.

Russian hackers steal massive amounts of customer data from US banks

The intrusion bears the hallmarks of political posturing; its timing corresponds to the enactment of sanctions against Russian banks and stolen information has not been used for fraudulent transactions.

PCI SSC issues bulletin on 'Backoff' malware threat

Though Backoff is known only to have infected POS systems, the program logs PINs from debit card transactions that can be paired with track data for use at ATMs.

UAE banks block debit cards in response to ATM compromise

After banks in the region experienced multimillion-dollar losses in a $45 million global bank heist that came to light last year, the UAE Central Bank is taking no chances.

PCI SSC announces proposed 2015 special interest group projects

Security guidance for ATMs is one of several projects proposed for consideration next year by the PCI Security Standards Council.

Any idiot with a 3D printer can make a fake front for an ATM skimmer

However Hamid P, whom the police arrested this week in France for running a skimming operation, was no run-of-the-mill idiot.

What can 'Brown' do for data theft victims?

The UPS Store has notified customers of a potential data compromise occurring at 51 franchised locations between Jan. 20 and Aug. 11.

Oberthur to acquire powered display card provider NagraID

NagraID technology enables secure access to the cloud, primarily for companies engaged in providing financial payments, and authentication and identification solutions.

Israeli tech firm to assist Chinese banks with ATM physical security

Primary and secondary sensors will alert FIs to a wide spectrum of physical threats ranging from shaking the machine to attempting to blow it up.

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Theft, skimming and other types of ATM fraud and scams are a constant concern for ATM operators. This Research Center focuses on best practices in ATM security and fraud prevention.