4 sensible strategies for crowdsourcing fraud management

By enlisting bankcard holders in the fight against fraud — effectively crowdsourcing fraud management — card issuers can achieve an added layer of security at…

EAST releases 2017 fraud alert stats to date

August 24, 2017

Through Aug. 21, the European Association for Secure Transactions (previously the European ATM Security Team) issued a total of 155 fraud alerts involving 2…

State Bank of India permanently blocks non-EMV cards

August 24, 2017

State Bank of India issued a statement on Monday urging customers to apply to receive an EMV bankcard to replace their existing magnetic stripe card. SBI asked…

Detection of advanced cyberthreats a major challenge for majority of IT pros

August 18, 2017

In a newly released report, 62 percent of IT security professionals surveyed named advanced threat detection as their biggest cybersecurity challenge.

Chicago news team finds new cause for worry in chip cards

August 15, 2017

With EMV implementation driving a rapid increase in card-not-present fraud in the U.S. — from an estimated $3.1 billion in 2015 to an expected $5.2 billion in…

When is a bank robbery not a bank robbery? When it's a bank ATM

August 15, 2017

A lecturer at Birmingham City University in the Midlands region of England has put forward an interesting theory to explain a rash of ATM ram raids in that…

Fraud detection specialist ThetaRay opens London office

August 8, 2017

ThetaRay, an Israel-based provider of big data analytics solutions for financial institutions and manufacturers, has opened its first U.K. office in London.

With damages expected to top $6T by 2021, execs remain unprepared to fight cybercrime

August 7, 2017

Cybertheft is the fastest-growing crime in the United States. Global ransomware damage costs alone are predicted to exceed $5 billion in 2017, up from $32…

Co-op 'splashes the cash' to curtail ATM crime in the UK

August 4, 2017

Co-operative Group Ltd., the U.K.'s fifth largest food retailer and a minority shareholder in The Co-operative Bank, has introduced a program to reduce…

Nearly half of US consumers rate identity, banking fraud as chief concerns

August 1, 2017

Forty-four percent of U.S. consumers rate identity theft and banking fraud as their top concern, according to the most recent consumer finance trend research…

Cennox acquires 3SI Security Systems Europe division

July 28, 2017

Cennox, a supplier of ATM and banking solutions, has completed its acquisition of the European division of 3SI Security Systems. The deal will allow U.K.-based…

Orwellian or what?

July 28, 2017

On Aug. 1, Three Square Market, a Wisconsin-based provider of micromarket self-service food kiosks, will begin offering its employees implanted chip technology…

UK bank to roll out mobile banking access via iris scan

July 25, 2017

The U.K.-based financial institution TSB is set to introduce iris recognition to its mobile banking app. According to a press release, this will make TSB the…

What can crooks accomplish in an 'Evil Internet Minute'? You'd be surprised

July 20, 2017

Digital threat management company RiskIQ has examined the growing volume of malicious activity on the internet and produced its inaugural "Evil Internet…

'What you lookin' at?' Eyeball tracking adds new layer of security to bio ID

July 20, 2017

Jumio, the creator of Netverify Trusted Identity as a Service, has added eyeball tracking to Netverify biometrics capabilities. In addition to conducting a…

Americans surprisingly accepting of biometric ID, study finds

July 12, 2017

Not so long ago, it was widely assumed that Americans would never take to fingerprint ID, given their general distrust of anything even vaguely Big…

Kaspersky's BitScout simplifies cyberattack sleuthing

July 12, 2017

Kaspersky Lab has announced the launch a free tool to help companies streamline the process of gathering evidence from infected computers after a cyberattack.

EAST issues 2nd update on ATM-related crime in 2017

July 7, 2017

EAST has published its second European Fraud Update for 2017, based on country crime updates from representatives of 21 countries in the Single Euro Payments…

Philippine fraudsters could face life for ATM skimming

July 6, 2017

A Philippine lawmaker has submitted legislation that would send some ATM fraudsters to prison for life.

ATMIA announces keynote speaker for 2018 US conference

July 6, 2017

The ATM Industry Association has announced that cybersecurity expert Theresa Payton will headline its 2018 conference as keynote speaker.