8 more arrests in $45M bank heist

January 8, 2014

Nearly a year after a bank job that siphoned off $45 million from two Middle East FIs, Spanish police have announced the arrest of another eight suspects…

Thieves infect ATMs with malware via USB drives

December 31, 2013

At the Chaos Computing Congress in Hamburg, Germany, details were revealed about a July attack on European ATMs.

Tips on data security from the FTC

Malini Mithal of the FTC highlights several best practices on mobile data security. (From a keynote address at the ATM & Mobile Executive Summit) 

40M cards compromised at Target: Coming to your ATM soon?

December 19, 2013

Target Corp. has released a statement acknowledging a massive card data breach between Nov. 27 and Dec. 15, and saying that compromised data could include…

Does mobile cut down on ATM fraud?

An audience member asks whether the mobile/ATM application adds a sufficient layer of authentication such that EMV would not be necessary. (From the ATM …

How MagTek's technology works

MagTek CEO Mimi Hart details the inner workings of her company's card authentication technology. Next to her on the panel is CrowdStrike's director of…

How mobile is getting compromised

"The bad guys know that it's moving toward mobile, and they're already there," said Adam Meyers, director of intelligence for CrowdStrike. "There's no way you…

Even criminals don't trust Bitcoin

November 21, 2013

In a hearing this week, the U.S. Senate offered to help out federal agencies with new regulations addressing the use and exchange of virtual currencies such as…

EAST reports a new skimming threat - fake ATMs

November 21, 2013

The European ATM Security Team has published its third European Fraud Update for 2013. In a new development, one EAST national member has reported the use of…

Is mobile RDC fraud on the rise?

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

Mobile remote deposit capture has become one of the most sought-after mobile banking app features. Celent research found that financial institutions are…

Study examines prepaid card fraud and risk controls in the US

November 14, 2013

New research from Mercator Advisory Group examines fraud risk and best practice for fraud prevention in prepaid card programs. The report, "Prepaid Card Fraud…

New mobile technology helps reduce ATM fraud risk

November 6, 2013

A new service for debit card and credit card issuers aims to improve the safety of payment card transactions through proximity correlation, comparing the…

What’s your FI’s fraud prevention philosophy?

by Kevin Christensen — Vice President, Audit, SHAZAM

As with any great debate, you'll find advocates on both sides of the mobile banking fraud question.

TMD tackles card-trapping fraud in Europe

November 4, 2013

Though ATM card skimming still represents 98 percent of all cash losses associated with card fraud, card trapping has recently re-emerged in Europe — and the…

Low-tech fraud, explosive attacks on the rise for Europe's ATMs

October 29, 2013

EAST has published its European ATM crime report covering the period from January to June of 2013. The report shows that while the incidence of card skimming…

The lifecycle of a fraud

Fraud such as counterfeit card use at ATMs will certainly drop with EMV, but as UK stats show, it can still rise again.

Russia busts counterfeiters who exploited ATM auto-deposit

October 17, 2013

Authorities in Russia have rounded up a gang of seven counterfeiters whose exploits were so effective that some banks stopped accepting 5,000 ruble banknotes …

Panellists put a finger on the solution to card fraud

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The way to stop ATM skimming and card fraud is to make it a crime that doesn't pay, a panel of security experts says.

Debit card reissuing part I: To reissue or not to reissue?

by Kevin Christensen — Vice President, Audit, SHAZAM

The longer a card is present in the marketplace, the more likely it is to become compromised. Research indicates that the least amount of fraud losses occurs…

Debit card reissuing part II: 4 tips for safe debit card reissue

by Kevin Christensen — Vice President, Audit, SHAZAM

In a previous post, I shared tips for deciding whether to reissue a compromised or stolen debit card. When the decision is to reissue, there are a few things…