Target takes a Q2 hit of $148M in costs from data breach

August 5, 2014

The figure includes estimated probable losses for what the company believes to be 'the vast majority of actual and potential breach-related claims,' including…

Kaspersky report shows growing threat from hacking attacks on FIs

August 4, 2014

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…

European card fraud reaches new highs

August 4, 2014

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…

Malware can hide in the most obvious places

In a New York Times online report, one security expert said that third-party leaks might account for 70 percent of data breaches - and from the least suspected…

UL education program aims to advance US EMV migration

August 1, 2014

As the migration towards EMV technology in the U.S. accelerates, UL hopes to help educate Americans about the scope, impact and advantages of EMV.

Majority of Brits back biometric ID

August 1, 2014

The iPhone 5s seems to have pushed along a major shift in consumer attitudes toward biometrics. One study finds that almost 80 percent of Brits are ready to…

The Diebold ActiveEdge card reader: A turn for the better?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.

The Diebold ActivEdge ATM card reader: A turn for the better?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.

ABA commends House on passage of cybersecurity bills

July 29, 2014

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

Europol raid against skimming, cybercrime gang nets 65 suspects

July 29, 2014

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

Fed study fills in the numbers for ATM transaction volumes and values

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

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?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Execs from Wincor and Diebold explain how a global ATM security association will help make the response to criminal exploits faster and more efficient.

Android L could be used for kiosks, ATMs

July 23, 2014

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

July 23, 2014

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.…

Shazam adopts MasterCard common debit solution for EMV transactions

July 22, 2014

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…

Governments worldwide continue scrutiny of virtual currencies

by Will Hernandez — Editor, NetWorld Media Group

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

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud…

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

July 15, 2014

AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions.

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…

Coming our way: A new kind of ATM skimmer

July 10, 2014

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.