Security News & Media

Greek court sentences ATM skimmers to 10 years

July 20, 2023

A court in Thessaloniki, Greece, has sentenced two men to 10 years in prison for taking part in an ATM skimming scheme that involved stealing stole data of at…

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Union Credit intros credit union marketplace

July 19, 2023

Union Credit, a credit offer provider, has introduced a marketplace to allow credit unions to offer one-click credit offers to customers at the point-of…

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Vermont thief steals ATM with excavator

July 19, 2023

Police in Weathersfield, Vermont are on the lookout for a suspect who allegedly used an orange excavator machine to break through a wall of the Downers Four…

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How APIs can improve banking security

by Bradley Cooper — Editor, Connect Media

Screen scraping is a major security issue for banks. By replacing this practice with APIs, banks can eliminate this issue and improve customer experience.

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Bank customers report rise in sudden account closures

July 18, 2023

Many bank customers are reporting their accounts are being shut down without warning, and when they attempt to get an explanation, they have little success.

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3 ATMs stolen from Florida hotels

July 18, 2023

Police are on the lookout for the culprits who stole three ATMs from hotels in Jacksonville, Florida. The thefts at a Hampton Inn, a Courtyard by Marriott and…

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Thieves steal trucks, ATMs in North Carolina

July 17, 2023

The Person County, North Carolina Sheriff's department is looking for thieves who stole vehicles, money and keys from one business and an ATM from another…

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Founder of defunct crypto exchange Celsius Network arrested

July 13, 2023

Authorities have arrested Alexander Mashinsky, founder of defunct cryptocurrency exchange Celsius Network, on charges of misrepresenting the organization's…

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Man kills 2 alleged ATM robbers

July 13, 2023

A man shot and killed two people who were allegedly attempting to rob him at an ATM in San Antonio, Texas. He was confronted by the individuals while at the…

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Bank of America fined for more than $250M for fake accounts, junk fees

July 12, 2023

The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…

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ATM industry urges Congress to take action on Safe Access to Cash bill

by Bradley Cooper — Editor, Connect Media

Following high profile deadly shootings at ATMs, the industry is calling on Congress to act to protect access to cash.

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UK shuts down 26 unregistered crypto ATMs

July 11, 2023

The Financial Conduct Authority of the U.K. has shut down 26 cryptocurrency ATMs in the country for not registering with the FCA.

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SVB parent sues FDIC to recover $1.9B in seized assets

July 11, 2023

SVB Financial Group, the parent company of the failed Silicon Valley Bank, has sued the Federal Deposit Insurance Corp. for $1.9 billion that the agency seized…

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Michigan thieves fail to gain cash from ATM

July 10, 2023

Authorities in Grand Rapids, Michigan are investigating an attempted ATM robbery. Suspects hooked a chain to an ATM with a truck and pulled it out of a…

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Michigan police on lookout for ATM card skimmer suspect

July 10, 2023

Police in Dearborn, Michigan are asking the community for help to identify a suspect who allegedly has installed skimming devices on ATMs to steal personal and…

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Bok Financial sues insurer for alleged ATM losses

July 7, 2023

Bok Financial, based in Tulsa, Oklahoma, has sued its insurer for $7.3 million in damages from cash it lost from ATM theft since September 2021. Its insurer…

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Explosion destroys ATM at Arizona Wells Fargo branch

July 7, 2023

Police are investigating an "apparent explosion" that destroyed an ATM in Oro Valley, Arizona, according to a report by 13 News.

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Bank of England considers plan to force foreign banks to set up subsidiaries

July 5, 2023

The central Bank of England is considering a plan that would require international banks to set up subsidiaries instead of branches in the U.K. With this…

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Police find skimmer in PNC ATM in Plainfield, Illinois

July 5, 2023

Police in Plainfield, Illinois recently removed a skimming device found at an ATM at a PNC Bank branch. A third party maintenance contractor notified…

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Banks pass Fed stress test

June 30, 2023

The Federal Reserve ran a stress test on 23 U.S. banks and all passed. The test assesses if banks would have enough capital to absorb losses and continue…

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