EAST publishes European ATM crime stats in third 2014 update

ATM fraud losses continue to migrate from EMV-enabled areas in Europe to non-EMV countries — and the bulk of them continue to occur in the US.

FEATURES


Casing out financial cyber crime: A federal agent's point of view

At BAI Retail Delivery, FBI Special Agent Patrick Geahan described five types of cyber attacks and one mistake that can cost an organization millions.

The headlines say it all: EMV is an answer!

Today, the EMV headlines are coming at us with the velocity we previously attributed to topics such as big data.

EMV chip-and-signature: The mirage of protection

Without a holistic approach to user and transaction verification we're only presenting an appearance of protection — one that will vanish when tested by sophisticated cybercrooks.

AMIS highlights: 'This year's conference was also terrific'

A video journal of highlights and attendee comments from the second annual ATM & Mobile Innovation Summit in Washington, D.C.

Lift the flap ... what's behind it?

In the payments business, an entire industry focused on security is taking shape behind the scenes. The question is who else might be lurking back there, as well.

ATM enclosure access: Three problems, one solution

FIs, CIT providers and IADs all face issues of key management, custodian authorization and security integration. One company says it has a solution for all.

Reslam brings its solution for keyless ATM enclosure access to US

The South African company says its completely keyless system can flex to meet the needs of FIs, CIT companies and IADs of almost any size.

Obama executive order calls for 'BuySecure' initiative

An executive order from the president directs the government to lead the way in securing financial transactions and sensitive data — and in pushing toward nationwide adoption of EMV.

Jackpotting makes its way to Western Europe's ATMs

Though malware attacks constitute a minority of ATM crimes in Europe, the stealth, speed, criminal finesse — and cash — involved make them particularly worrisome to deployers.

Can the ATM industry stop Tyupkin in its tracks?

ATM Marketplace checked in with security experts around the industry to learn how operators can protect themselves from the latest 'jackpotting' scheme, Tyupkin malware.

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NEWS


Cost-modeling tool aims to help ATM owners plan future OS migrations

The ATM industry model allows deployers to compare four different migration scenarios from a financial perspective, based on typical cost drivers.

Fraud-fighting measures working in UK, FICO says

Losses from card-not-present fraud increased, but so did the number of card transactions, leaving the overall rate unchanged, the company said.

Report notes rising consumer demand for new debit services

One of the top items on consumers' wish list is enhanced security — and it's important enough that many are willing to pay for it.

15 frightening ways Americans endanger their financial data

Are consumers careless about protecting their personal data — or are they simply convinced that nothing they do will make a difference?

Home Depot releases new data breach details

In addition to payment card data, cyberthieves stole separate files containing approximately 53 million email addresses, the company has now disclosed.

PCI SSC announces 2015 special interest group topics

In 2015, group members will develop guidance documents for two topics: daily log monitoring and determining shared responsibilities for entities and third-party providers.

EMV used in 30 percent of transactions worldwide, data reveals

In Europe Zone 1, 96 percent of transactions were EMV-enabled; in the US, 0.03 percent were, EMVCo says.

FFIEC report poses key questions about cybersecurity

Testing plans across business functions and with third parties will help FIs identify and manage gaps before cyber attacks occur, the council says.

Amex intros tokenization, HCE services

The token service is available in the US, and international rollout is expected to begin in 2015. HCE specifications are available today globally.

CardConnect secures tokenization patents

Tokenization reduces or entirely removes systems from the scope of PCI compliance because it eliminates all real touch points with actual card numbers.

It's November — peak season for card fraud

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

Card data theft the No. 1 worry among Americans, Gallup poll says

Gallup found that 69 percent of Americans worry about having card information stolen in a retail data breach — and suggested that this fear could increase reliance on cash.

Organizations not prepared adequately for targeted cyberattacks

A Kaspersky Lab study finds that although businesses know the threat is real, they aren't doing enough to protect themselves against targeted attacks.

FIS, CSCU team up to extend fraud protection solution to CUs

Compromise Manager promises timely card blocking, reduced administration costs, and automated cardholder alerts for small and midsize credit unions.

Alliance advocates concurrent use of smart chip, encryption, tokenization

A new paper from the Smart Card Alliance says payments providers can help protect themselves against fraud by using layered technologies.

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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.