ATM data theft rocketing in 2015

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.

FEATURES


Serving the user, securing the ATM: A delicate balance

Is it really possible to harden an ATM against skimming attacks while ensuring a first-rate user experience? TMD Security answers 'yes.'

ATM card skimming in 2015: Crime waves, countermeasures and case studies

A free March 12 webinar will investigate trending ATM skimming methods, new anti-skimming safeguards, and strategies major FIs have used to foil thieves.

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.

Call centers a popular target for fraudsters

One expert says that if contact phone channels were monitored, this could predict criminal behavior two weeks prior to actual attacks.

Targeted cyberattacks: Lessons learned from a former FBI guy

"You don’t have a malware problem; you have an enemy problem," says Crowdstrike president and former FBI executive assistant director Shawn Henry. He explains further in a video interview.

Not all hackers wear black hats

The news is full of stories about hackers stealing data from retailers, businesses and the government. But they shouldn't all be tarred with the same brush.

6 ATM anti-fraud steps for small FIs

As big banks lock down their systems, small FIs could increasingly fall victim to ATM fraud. Here are effective actions you can take to make sure yours doesn't.

ATM Skimming - Modern-Day Bank Robbery [infographic]

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

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.

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NEWS


ABA campaign seeks to expose 'card cracking'

The campaign is designed to educate consumers about the fraud and warn them about its consequences — ranging from loss of funds to jail time.

Romanian authorities nab perpetrators of $15M ATM heist

The criminal group is alleged to have stolen more than $15 million from ATMs in coordinated attacks carried out in 24 countries during 2013.

13 down, three to go ...

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.

ATMIA publishes ATM eavesdropping advisory

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.

EAST cases out ATM crime stats in 2014 full-year report

Though ATM fraud incidents fell by more than a quarter for the year, a reduction in losses did not follow — in fact, the cost of ATM-related crime rose by double digits.

Kaspersky ties Carbanak cybergang to $1B bank heist

A combined effort by Kaspersky Lab and various legal authorities has uncovered as much as $1 billion in cybertheft from financial institutions worldwide.

Nebraska lawmaker seeks changes to ATM licensing rules

Among other things, the bill provides that consumers will not be held liable for financial losses arising from ATM tampering or manipulation.

Crooks launch new, 'black box' ATM hack

A 'novel and complex' new physical attack involves a mobile phone and a circuit board plugged into the ATM's core.

Bebe Stores Inc. confirms payment card data breach

An undisclosed number of records was stolen from customers who used their bankcards at the retail chain's POS terminals between Nov. 8 and Nov. 26.

Highly targeted malware attacks a growing trend, Kaspersky says

A smaller-than-usual year-over-year increase in malicious files doesn't mean criminals are slacking off — it means they're becoming more selective with their attacks.

2015 to be a high-stakes year for ATM attacks, Kaspersky predicts

'The next stage will see attackers compromising the networks of banks and using that level of access to manipulate [ATMs] in real time,' a security expert predicts.

Bank of South Pacific gets proactive against fraud

The bank is using an ACI risk management tool that identifies potentially fraudulent transactions and blocks them, if necessary.

Payment security concerns will influence holiday shoppers, study shows

More than one-quarter of US consumers will not buy at a store that has experienced a cyberattack if they can find the same product elsewhere, a KPMG study reveals.

EAST guidelines offer advice on recovery of ATM fraud devices

A new publication addresses the proper seizure and examination of fraud devices for purposes of criminal prosecution and the development of countermeasures.

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.

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Skimming / Fraud-related updates, notable cases, and legalitites on ATM Marketplace.