Indictment of Russian for card data theft 'a serious warning to cybercriminals'

August 14, 2014

Among other crimes, Roman Valerevich Seleznev is charged with operating carding forums — websites where criminals gather to sell stolen credit card numbers.

Check fraud solution detects suspicious activity using cross-channel analytics

August 7, 2014

Detection capabilities are based on the solution's integration with core systems, check processing systems, and even ATM image archives.

New program assists acquirers, ISOs with data incident management

August 6, 2014

Conformance Technologies' Data Incident Management Program assists with forensics, equipment replacement, legal fees, and legal and consumer notifications.

Target takes a Q2 hit of $148M in costs from data breach

August 5, 2014

The figure includes estimated probable losses for what the company believes to be 'the vast majority of actual and potential breach-related claims,' including…

Kaspersky report shows growing threat from hacking attacks on FIs

August 4, 2014

Growing interest in 'big money' is reflected in a sharp rise in the number of banking Trojans over the last year. Most of these ultimately involve an ATM…

European card fraud reaches new highs

August 4, 2014

FICO's latest European card fraud map shows losses from 2006–2013 for 19 countries, and across five categories, including counterfeit fraud, stolen card, and…

The Diebold ActivEdge ATM card reader: A turn for the better?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Simply by rotating card orientation 90 degrees, Diebold aims to turn the ATM skimming underworld on its head.

Europol raid against skimming, cybercrime gang nets 65 suspects

July 29, 2014

The network took in an estimated $2.7 million from criminal operations that ranged from illegal financial transactions to drug trafficking.

Card blocking, consumer alerts are keys to fraud prevention

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud…

Bankers on the frontlines of cyber defense

Today, firewalls, encryption, antivirus software and cloud providers are just as important to a bank’s security as armed guards, security cameras and steel…

Coming our way: A new kind of ATM skimmer

July 10, 2014

In the synopsis of its latest report, the European ATM Security Team referred to a "new mini skimmer" found in Europe for the first time.

Europol takes action against Shylock banking malware

July 10, 2014

The seizure of servers and domains used by the account-emptying Trojan left it substantially disabled, but not quite dead: It still poses a threat to customers…

Diebold, Wincor partner to launch global ATM security association

July 8, 2014

The association will share information to aid in the rapid implementation of countermeasures to ATM security threats. Membership is open to institutional…

EAST reports first 'jackpotting' incidents in latest ATM fraud update

July 8, 2014

Four countries reported ATM malware incidents related to cash-out or 'jackpotting' — an alarming fraud variant that's new to Western Europe.

Study: Card fraud victimizes one in four consumers worldwide

July 8, 2014

According to a fraud study of more than 6,100 consumers across 20 countries, one in four consumers has been the victim of card fraud within the last five…

Study: 61 percent of data theft victims subsequently experience fraud

July 1, 2014

The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more.

'Luuuk' bank fraud nets $680K in one week via ATM cash-out

June 25, 2014

As EMV makes card skimming less profitable in Europe, criminals are finding new ways to access accounts. But they're still cashing out their stolen proceeds at…

UK tipsters offered up to $42K for ATM crime-related information

June 9, 2014

LINK Interchange Network and the independent charity Crimestoppers have teamed up in an effort to stop crime at ATMs in the U.K. The effort includes rewards to…

Staying ahead of ATM skimmers

by atm Atom — blogger, atmatom

ATM security is like an ongoing race between the good guys and bad guys. As soon as the industry develops a technological advantage to defeat one method of ATM…

In Macao, a disturbing new method of ATM skimming

June 2, 2014

Last week, authorities in the Chinese territory of Macau arrested a pair of Ukrainians who are alleged to have stolen around $100,000 from seven ATMs. The…