Aussie police chief blames tap-and-go for 5% increase in crime

June 2, 2014

They might be convenient, but do we really want NFC-enabled “tap-and-go” ATMs? Police chief commissioner Ken Lay of Victoria State, Australia, thinks…

MasterCard beefs up card protection for consumers, small businesses

May 29, 2014

MasterCard this week announced that all of its credit, debit, prepaid and small business cards issued in the U.S. will now be covered by Identity Theft…

7 steps to minimizing data breach fallout, part 2

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

In my previous post, I shared four of the seven steps financial institutions can take to prepare for and respond to a data breach affecting their cardholders.

Is the US ATM industry making too big a fuss about EMV?

A UK commentator says it's time for the US to get with the program and get on with EMV migration.

Europol operation crushes Bulgarian ATM skimming network

May 26, 2014

Bulgarian and French authorities this week brought down a “significant” Bulgarian organized crime network suspected of electronic payment and document fraud…

Qatar Islamic Bank, NCR team up to fight fraud

April 14, 2014

Qatar Islamic Bank, the largest Shari'a-compliant bank in Qatar, is adding new anti-skimming solutions to its ATMs and bolstering IT security to defend against…

More than half of phishing attacks target financial services

April 11, 2014

The Anti-Phishing Work Group has released its study of phishing attacks in the second half of 2013. The group found that of all phishing efforts, nearly…

FFIEC warns about Heartbleed; Codenomicon explains how to stop it

April 11, 2014

No sooner had "XP Armageddon" come (and gone, anti-climactically) than a new calamity with much greater potential to wreak financial havoc took over the…

Data breach legislation: As states step up, will the Fed follow?

by Robert Siciliano — speaker, IDTheftSecurity.com

A data breach notification bill, H.B. 224, was recently introduced in the New Mexico legislature. If enacted, it would make New Mexico the 47th state to adopt…

Survey: Bankers say nearly half of customer accounts have been compromised

April 3, 2014

A recent survey of bank executives by ACI Worldwide offers an indication of the scale of card fraud in the U.S. — and the steps that FIs are taking in response.

International ATM skimming bust nets 13 alleged thieves in Chicago

March 26, 2014

The FBI on Tuesday arrested 13 individuals in Chicago on allegations that they participated in an international ATM skimming and money laundering operation…

'Mitigate fraud, or else,' CBN says

March 21, 2014

The Central Bank of Nigeria has advised the nation's retail FIs that they must implement measures to mitigate a rising tide of ATM fraud or face sanctions.

Investors bilked out of millions in ATM Ponzi scheme

March 13, 2014

Michael Brendan Ferguson, 44, sits in jail in Santa Clara, Calif., in lieu of $1 million bail, accused of stealing millions from investors in his independent…

Report says Target knew about the data breach, but did nothing

The retailer had a working anti-malware system in place before the breach, but it was ignored.

Study: US market for card fraud detection software set to fire up

March 13, 2014

A new study from Mercator Advisory Group examines how changing market dynamics are shaping fraud detection software solutions, reviews leading products, and…

3 irrefutable reasons why ISOs must up their game against fraud

by atm Atom — blogger, atmatom

Heartland, Target, Neiman Marcus; Congressional hearings, NRF vs. banks; liability shift deadlines, PCI, processing AIDs – it's enough to make your head spin.

67% of SBEs not worried about card security; should that worry ATM operators?

March 10, 2014

Newtek Business Services, a provider of financial products to small- and medium-sized businesses, has released the findings of its latest Small Business…

McAfee report details link between 'dark Web,' data breaches

March 10, 2014

The "McAfee Labs Threats Report: Fourth Quarter 2013," released today, highlights the ease of purchasing POS malware online, and of selling stolen credit card…

Lessons from the FTC's lawsuit against HTC

"Data security is a big area for the FTC," said Malini Mithal, assistant director of the Bureau of Consumer Protection at the FTC. "We have brought nearly 5…

Self-service payments firm foils Russian counterfeiters

March 6, 2014

Recently and virtually overnight, Russia's monetary system saw a huge influx of counterfeit currency in 1,000 ruble ($27.73) and 5,000 ruble ($138.65…