Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.
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...
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.
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....
In my previous post, I shared four of the seven steps financial institutions can take to prepare for and respond to a data breach affecting their cardholders. Here are the remaining three:
A UK commentator says it's time for the US to get with the program and get on with EMV migration.
Two separate studies into card fraud, published in recent weeks, highlight the same problem: Following several years of decline, card fraud levels are once again on the increase. The European Central Bank has just released its latest card fraud report,...
A data breach notification bill, H.B. 224, was recently introduced in the New Mexico legislature.
The retailer had a working anti-malware system in place before the breach, but it was ignored.
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Heartland, Target, Neiman Marcus; Congressional hearings, NRF vs. banks; liability shift deadlines, PCI, processing AIDs – it's enough to make your head spin.
The company doesn't specify that PIN numbers were stolen, but refers to 'other numerical information' in the announcement that its POS system was compromised.
Among other crimes, Roman Valerevich Seleznev is charged with operating carding forums — websites where criminals gather to sell stolen credit card numbers.
Detection capabilities are based on the solution's integration with core systems, check processing systems, and even ATM image archives.
Conformance Technologies' Data Incident Management Program assists with forensics, equipment replacement, legal fees, and legal and consumer notifications.
The figure includes estimated probable losses for what the company believes to be 'the vast majority of actual and potential breach-related claims,' including claims by payment card networks.
Growing interest in 'big money' is reflected in a sharp rise in the number of banking Trojans over the last year. Most of these ultimately involve an ATM cash-out.
FICO's latest European card fraud map shows losses from 2006–2013 for 19 countries, and across five categories, including counterfeit fraud, stolen card, and ID theft.
The network took in an estimated $2.7 million from criminal operations that ranged from illegal financial transactions to drug trafficking.
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...
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.
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.
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...
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...
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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As EMV makes card skimming less profitable in Europe, criminals are finding new ways to access accounts. But they're still cashing out their stolen proceeds at ATMs.
Kaspersky Lab experts have discovered evidence of a targeted attack against the clients of a large European bank.