5 indicted in data theft from 160 million consumer accounts

July 25, 2013

On Thursday, U.S. authorities indicted five men from the former Soviet Union for data breaches that involved theft of information for 160 million consumer…

EAST releases midyear ATM fraud stats for Europe

July 25, 2013

ATM-related fraud losses continue to migrate away from EMV chip liability shift areas, and the U.S. continues to be the top location for such losses, according…

ATM-mobile security and the consumer

ATM-mobile technology doesn't just have to be safe. The customer has to believe it's safe, as well.

Americans cavalier about PIN protection

July 24, 2013

Alaric, an international provider of fraud prevention and payment processing solutions, recently published survey results revealing that nearly half (4…

Cyber crime the fastest growing threat to FIs

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

In the past, cyber terrorists have focused primarily on the largest financial institutions in the country. However, since criminals often follow the path of…

Is there no honor among thieves?

July 19, 2013

Brian Krebs of Krebs on Security recently wrote about an industrious Ukrainian who set about making audio skimmers, which he offered for the price of $2,450 at…

Smash and grab: alive and well

by Mark Smith — VP of Financial Solutions, Kahuna ATM Solutions

Perhaps it's due to living close to a very large American city, but it seems to me that the news stories on ATM smash and grab are on the increase. These make…

CSI, Bank of Wolcott forge technology partnership

July 19, 2013

Wolcott, Ind.-based Bank of Wolcott has selected financial solutions technology provider Computer Services Inc. to provide a new core platform and other…

Respondents wanted for 2013 Security and Fraud Survey

July 17, 2013

The ATM Industry Association is urging all industry members to participate in the organization's security and fraud survey. And it's offering the incentive of…

Heartland to use Fractals to fight fraud

July 17, 2013

Payment processor Heartland Payment Systems Inc., a Fortune 1000 company, has chosen the Fractals fraud prevention and detection product from Alaric to monitor…

How the 'digital life' affects identity theft and financial loss

by Robert Siciliano — speaker, IDTheftSecurity.com

You're on Facebook, LinkedIn and Twitter. You use Gmail, Yahoo, and online banking. You might buy stuff on sites like Amazon and occasionally make purchases…

Russian tech award winner charged with self-serve machine hack

July 12, 2013

Smart, yes — but then again, no. The Irkutsk student who took second-place honors in the 2012 All-Russian Information Technologies contest has now been charged…

New study identifies massive risks facing mobile payments

July 12, 2013

Just when you thought mobile payments might be gaining some credibility, risk analysts at U.K. consultant Riskskill have released what can only be called a…

Planad Angola bolsters check security with NCR solution

July 12, 2013

NCR Corp. has expanded its relationship with Planad Angola one of the largest IT distributors for financial institutions in that country, to begin implementing…

Unwrapping the riddle of Bitcoin (infographic)

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Everyone's talking about the virtual currency, but does anyone really understand it?

Chinese cyber theft: What's the solution?

July 10, 2013

Verizon provides the information highway for more than 60 percent of the world's Internet traffic. And according to the company's annual report on cyber crime…

More regulation isn't the answer to breach losses

by Kevin Christensen — Vice President, Audit, SHAZAM

Data breaches have become somewhat of a fact of life for those of us in the payments field. For financial institutions, unfortunately, these breaches have also…

GRG ATMS achieve CEN 4 certification

July 9, 2013

ATM manufacturer GRG recently announced that the company had been awarded CEN IV certification for a number of its ATM models. 

Move over, 4-digit PIN

July 9, 2013

A graphic designer from Nottingham, England, believes he's invented an identifier that's simpler and more secure than the four-digit PIN that ATM users the…

Ghana ATMs to get eye ID

July 8, 2013

International Computer Systems and IBM have reportedly teamed with Sunnet Systems to develop iris recognition technology that might soon be introduced in the…