The Nilson report attributes lopsided US statistics to the fact that the nation has not yet moved to EMV, and predicts that loss totals will only go higher.
A low overall rise of 6 percent across 19 European nations masks large shifts in cross-border fraud, FICO says.
A new module available for Co-op Revolution helps credit unions pinpoint compromised cards and merchants more quickly and mitigate the effects of fraud.
The anti-skimming specialist says its new office in Mexico City will allow the company to work more closely with ATM providers in the region.
Cash is slowly falling out of favor with consumers, but is still a preferred method for laundering ill-gained profits, the European law enforcement organization says.
Though the US ranks third in total cross-border transactions on UK cards, it ranks first in fraudulent cross-border transactions on those cards, FICO says.
The new technique, which is specific to NCR Personas ATMs, leaves no visible trace of tampering on the exterior of the ATM.
The use of uniform terminology will assist in the reporting and analysis of card data compromise devices, EAST says.
Using man-in-the-middle email attacks, the alleged cyberthieves were able to steal $6.8 million in a very short period of time, authorities say.
The parties have agreed to share information about card-present and card-not-present fraud, high-tech crime, and ATM malware and physical attacks.
According to FICO, data theft rose by 174 percent at bank ATMs and by 317 percent at nonbank terminals between Jan. 1 and April 9.
The campaign is designed to educate consumers about the fraud and warn them about its consequences — ranging from loss of funds to jail time.
The criminal group is alleged to have stolen more than $15 million from ATMs in coordinated attacks carried out in 24 countries during 2013.
A Romanian national is the 14th of 16 suspects to face conspiracy charges in a 2013 ATM skimming operation that defrauded New Jersey banks of $5 million.
The trade group has received information indicating an increase in wire tapping-style attacks that obtain card data directly from the ATM's own card reader.