ABA commends House on passage of cybersecurity bills

Legislators demonstrated rare bipartisanship, approving a pair of cybersecurity bills of particular interest to the financial services sector.

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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.

Card blocking, consumer alerts are keys to fraud prevention

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud has decreased, attacks targeting debit and credit cards continue to rise. The majority of financial service companies...

Bankers on the frontlines of cyber defense

Today, firewalls, encryption, antivirus software and cloud providers are just as important to a bank’s security as armed guards, security cameras and steel vaults.

The Walmartization of EMV

America's largest retailer will bulldoze the remaining barriers to EMV adoption, which might have ramifications at the ATM.

5 criteria for effective case management

As fraudulent activity rises, so does the need for systems that can identify, isolate and interrupt it.

CFPB turns its attention to mobile financial services

The regulatory agency seeks to understand the impact of emerging technologies on the un- and underbanked.

Staying ahead of ATM skimmers

ATM security is like an ongoing race between the good guys and bad guys. As soon as the industry develops a technological advantage to defeat one method of ATM skimming, it seems criminals find another way to steal card data....

Business aren't prepared for cyber attacks, study says

Amazing. With the proliferation of cyber attacks globally, most businesses are ill prepared to deal with one, says research from the Economist Intelligence Unit and Arbor Networks. Perhaps businesses have an “It won’t happen to us” mindset, even though hackers...

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NEWS


Europol raid against skimming, cybercrime gang nets 65 suspects

The network took in an estimated $2.7 million from criminal operations that ranged from illegal financial transactions to drug trafficking.

Android L could be used for kiosks, ATMs

Google's release of the developer preview for Android L has some speculating about its uses for ATMs and self-service kiosks.

MasterCard qualifies UL personalization validation tool for US EMV card issuers

UL has announced the qualification of its Collis EMV Personalization Validation Tool (version 3.9.5) by MasterCard, including the U.S. common debit AID (i.e., the U.S.

Shazam adopts MasterCard common debit solution for EMV transactions

The Shazam Network has announced that it will make the MasterCard EMV debit solution available to all of its participants. The agreement provides all members of the Shazam Network with an EMV license for MasterCard products. “The objective of our...

SafenSoft, AK BARS Bank create Russia's first PCI DSS-compliant ATM network

AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions. This is the fourth year in a row that the bank has achieved compliance, but the first year...

Coming our way: A new kind of ATM skimmer

In the synopsis of its latest report, the European ATM Security Team referred to a "new mini skimmer" found in Europe for the first time. Although the device has only been reported by one country so far, it's just a...

Europol takes action against Shylock banking malware

The seizure of servers and domains used by the account-emptying Trojan left it substantially disabled, but not quite dead: It still poses a threat to customers of FIs in the UK, the US and other nations.

Payment security data breach trends to receive scrutiny at September summit

Massive data breaches have raised questions about how to better protect consumers' personal and payment data. This will be the focus of a general session at the second annual ATM & Mobile Innovation Summit in September.

Diebold, Wincor partner to launch global ATM security association

The association will share information to aid in the rapid implementation of countermeasures to ATM security threats. Membership is open to institutional operators, ATM manufacturers and suppliers.

EAST reports first 'jackpotting' incidents in latest ATM fraud update

Four countries reported ATM malware incidents related to cash-out or 'jackpotting' — an alarming fraud variant that's new to Western Europe. The European ATM Security Team has published its second European Fraud Update for 2014, based on country crime updates...

Study: Card fraud victimizes one in four consumers worldwide

According to a fraud study of more than 6,100 consumers across 20 countries, one in four consumers has been the victim of card fraud within the last five years. The study, conducted by ACI Worldwide and Aite Group, also indicated...

Banks in Brazil, Russia, Italy are those most often attacked by malware

For the reporting period of April 19 to May 19, financial institutions in Brazil, Russia and Italy claimed the dubious honor or being most often attacked by financial malware, according to the latest monthly report from Kaspersky Lab. The security...

First Data betting on PayLucky Solutions

Payment technology and services provider First Data has introduced PayLucky Solutions for legalized online and offline gambling and gaming. The offering provides comprehensive payment services from a single source. PayLucky Solutions offers: instant funding access, removing the typically long wait...

Registration now open for ATM Security 2014

The ATM Industry Association has announced that ATM Security 2014 registration is now open with special rates available for early bird reservations. The conference is scheduled for Oct.

Study: 61 percent of data theft victims subsequently experience fraud

The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more. In a new survey of identity fraud victims, 61 percent of respondents reported that breached information was used to commit...

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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.