Kenya faces growing threat from ATM fraud cartels

May 30, 2013

Kenswitch, a local payments switch provider in Kenya, is warning that the country might well see an increase in gangs carrying out card fraud. The company said…

Webinar: 10 Essential Facts to Combat ATM Skimming!

In the U.S., losses from a typical ATM skimming incident have risen 66 percent to $50,000 over the past 24 months. In Europe, losses have risen 20 percent to…

For payment security, cash is king

May 24, 2013

A recent survey by retail banking and e-payments software supplier Compass Plus, found that the use of contactless payments is falling well behind expectations…

A $45 million ATM frame-up?

May 22, 2013

In the recently reported $45 million bank theft, much attention has been focused on the fact that cash was obtained through ATM withdrawals. But the crime was…

Crooks counterfeit 'impossible to counterfeit' Canadian currency

May 22, 2013

Maybe it's a challenge that no self-respecting counterfeiter could pass up. Or maybe it's a case of public overconfidence in banknotes that are supposed to be…

Remembering John Shepherd-Barron in the age of the million-dollar ATM heist

In the '60s, there was no such word as 'cybercrime' because there was no such thing. How times have changed.

EAST to host Financial Crime & Security Forum

May 22, 2013

The European ATM Security Team Ltd. will present the first EAST Financial Crime & Security Forum on June 13–14 in the World Forum at the Hague. The event…

ATM deployer vs. ATM fraudster: how to make sure you come out the winner

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

May 30 anti-skimming webinar will present a 10-point strategy for defeating determined and increasingly sophisticated criminals.

ATM skimming device dealer joins the good guys

May 20, 2013

They say it takes a thief to catch a thief — or in this case, to stop one. A Romanian criminal serving a 5-year prison sentence for supplying an organized…

China UnionPay joins EMVCo

May 20, 2013

EMVCo, the EMV standards body owned by American Express, JCB, MasterCard and Visa, has announced the addition of China UnionPay to its membership. The change…

Cruising to EMV eventuality?

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

In the summer of 2009 Margo and I enjoyed a Baltic cruise. For me, the most interesting port of call was St. Petersburg, Russia. Long considered the "other…

How do you stop a $45M ATM heist?

Kevin Christensen of Shazam offers a four-point strategy to stymie cyberthieves and their "feet on the street."

Consumers worry about security of mobile banking, but do it anyway

May 16, 2013

Among consumers who own smartphones and tablets, an overwhelming majority — 83 percent — worry about iden­tity theft, but ultimately choose convenience over…

Master ATM key theft a close call in Canberra

May 16, 2013

Thieves made off with cash from five ATMs in the Australian capital of Canberra on Monday night after stealing a set of electronic ATM keys. But while five was…

RBS to invest massively in IT infrastructure

May 16, 2013

RBS chair Philip Hampton has announced that the Royal Bank of Scotland Group will invest an additional £450 million ($688.55 million) in modernizing its…

Latest ATM fraud: another 45 million reasons for change

In the wake of a $45 million bank heist via ATM, ValidSoft CEO Pat Carroll proposes a new kind of countermeasure.

What's the difference between using proxy vs. VPN?

by Robert Siciliano — speaker, IDTheftSecurity.com

If you live in or travel to a country that controls what websites citizens can and cannot view, then you might not have access to sites like Facebook or…

ATMIA offers new compliance service to members

May 13, 2013

The ATM Industry Association has announced a new service that will deliver compliance monitoring and regulatory alerts to United States chapter members in all…

Are logins really necessary?

by Kevin Christensen — Vice President, Audit, SHAZAM

Banking on the assumption that cardholders often value convenience over security, at least one major issuer has stepped out with a mobile app that gives users…

Paragon white paper touts anti-counterfeit benefits of EMV

May 7, 2013

Automated e-payment testing solutions provider Paragon Application Systems has announced the publication of a free, downloadable white paper that discusses the…