False claims of undispensed cash costing ATM owners millions

September 24, 2015

US ATM operators are forking over $20–$25M annually in fraudulent claims — and the perpetrators are getting away scot-free, the ATMIA says.

Security alert warns of next-gen stereo skimmer

September 23, 2015

The device is based on existing stereo skimming techniques, but uses sophisticated new technology, according to TMD Security.

Making Your ATM Secure

Criminals are doing their best to exploit security weaknesses at ATMs in the U.S. before the deadline for migrating the country’s ATMs and point-of-sale…

Presented by Triton

Third fraudster pleads guilty in cross-country ATM caper

August 20, 2015

Three co-conspirators skimmed data in Europe and then took a US road trip, stopping at ATMs every few miles to withdraw cash using counterfeit cards.

Study: US generates 21 pct. of card volume, 48 pct. of card fraud

August 6, 2015

The Nilson report attributes lopsided US statistics to the fact that the nation has not yet moved to EMV, and predicts that loss totals will only go higher.

Money mules a stubborn problem for ATM operators

Money mules are the "last mile" to launder funds gained from illegal activity — and ATMs are often their first stop.

Report: Cross-border, CNP fraud now dominate in Europe

July 22, 2015

A low overall rise of 6 percent across 19 European nations masks large shifts in cross-border fraud, FICO says.

CU analytics tool adds fraud detection features

July 20, 2015

A new module available for Co-op Revolution helps credit unions pinpoint compromised cards and merchants more quickly and mitigate the effects of fraud.

TMD sets up shop in Latin America

July 15, 2015

The anti-skimming specialist says its new office in Mexico City will allow the company to work more closely with ATM providers in the region.

Why is cash still king? Crime, Europol suggests

July 14, 2015

Cash is slowly falling out of favor with consumers, but is still a preferred method for laundering ill-gained profits, the European law enforcement…

ATM cash-outs drive up cross-border fraud on UK debit cards

June 26, 2015

Though the US ranks third in total cross-border transactions on UK cards, it ranks first in fraudulent cross-border transactions on those cards, FICO says.

A new twist on ATM eavesdropping attacks in UAE

June 26, 2015

The new technique, which is specific to NCR Personas ATMs, leaves no visible trace of tampering on the exterior of the ATM.

New guide standardizes terms for ATM skimming device placement

June 12, 2015

The use of uniform terminology will assist in the reporting and analysis of card data compromise devices, EAST says.

Authorities take down lucrative European cyberfraud operation

June 12, 2015

Using man-in-the-middle email attacks, the alleged cyberthieves were able to steal $6.8 million in a very short period of time, authorities say.

Europol, European ATM Security Team bolster crime-fighting pact

June 12, 2015

The parties have agreed to share information about card-present and card-not-present fraud, high-tech crime, and ATM malware and physical attacks.

After the chip card: A chargeback tsunami?

What can we learn from Canada's experience weathering the fraud fallout that followed EMV migration?

ATM data theft rocketing in 2015

May 21, 2015

According to FICO, data theft rose by 174 percent at bank ATMs and by 317 percent at nonbank terminals between Jan. 1 and April 9.

ABA campaign seeks to expose 'card cracking'

May 19, 2015

The campaign is designed to educate consumers about the fraud and warn them about its consequences — ranging from loss of funds to jail time.

Romanian authorities nab perpetrators of $15M ATM heist

May 1, 2015

The criminal group is alleged to have stolen more than $15 million from ATMs in coordinated attacks carried out in 24 countries during 2013.

13 down, three to go ...

April 21, 2015

A Romanian national is the 14th of 16 suspects to face conspiracy charges in a 2013 ATM skimming operation that defrauded New Jersey banks of $5 million.