How the mag stripe can actually prevent ATM fraud

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Ironically, the same mag stripe that contains card data also holds the key to making that data useless to crooks.

How the mag stripe can actually prevent ATM fraud

At the ATM & Mobile Executive Summit in late September, Mimi Hart, CEO of MagTek Inc. (and a recent winner of the Most Influential Women in Payments award)…

EAST records drop in ATM card fraud, increase in explosive attacks

October 14, 2013

The European ATM Security Team has reported a 32 percent increase in ATM-related fraud attacks, despite a 9 percent fall in card skimming incidents. The…

Mexican ATMs fall prey to new cyberattack

October 11, 2013

Mexican ATMs have become the target for physically installed malware called "Ploutus."  The malware was designed to take over the ATM at the software level and…

Bank Fraud Protection: Staying One Step Ahead of the Fraudsters

As fraud becomes a more complex and widespread problem, banks must find more proactive means to defeat criminals and protect customers.

Presented by ESQ Data Solutions

EMV is your weapon!

by atm Atom — blogger, atmatom

For U.S. ISOs, taking a "wait and see" approach to EMV is a perfectly defensible strategy. After all, standards aren't finalized, processors aren't ready…

McAfee expects mobile malware to double during 2013

Emerging ATM-mobile capabilities rely on consumers' trust in banks, so protection from mobile banking malware is job one.

Disposable email accounts: A new way for crooks to victimize FI customers?

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

Fraudsters are constantly finding new ways to defeat the online protections financial institutions have created. Guardian Analytics, a behavioral analytics…

What is 'synthetic' identity theft?

by Robert Siciliano — speaker, IDTheftSecurity.com

Identity theft is first and foremost a problem because we rely on numerical identifiers that attach humans to credit and a variety of services. Once a criminal…

MDT intros first TMR magnetic sensors for detecting magnetic properties on banknotes

September 5, 2013

Chinese vendor MultiDimension Technology Co. Ltd., a supplier of magnetic sensors featuring tunneling magnetoresistance technology, has announced the launch of…

Think that site looks legit? Look again.

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

A new variant of Citadel Trojan malware has surfaced in the last few weeks, and it's targeting not only financial institutions, but also social networks and…

Philippine banks must replace ATMs, cards

August 13, 2013

Banks were ordered Tuesday to replace existing automated teller machine cards and machines with new ones between 2015 and 2017 in an effort to curb hacking…

Kaspersky Lab, SafenSoft intro security solution for ATMs, payment kiosks

August 8, 2013

Kaspersky Lab has created a specialized ATM and payment kiosk protection program for the largest credit union in Ecuador. The solution was created by Kaspersky…

Kiosk catches counterfeit cash

August 7, 2013

Counterfeit banknotes pose a financial risk to correctional facilities throughout the U.S., but the sheriff's office in Bergen County, N.J., has found a way…

Security: Credit card fraud

by Robert Siciliano — speaker, IDTheftSecurity.com

Buying credit card numbers with high credit limits must be so much easier than going through the hassle of building good credit, applying for credit cards…

EAST releases midyear ATM fraud stats for Europe

July 25, 2013

ATM-related fraud losses continue to migrate away from EMV chip liability shift areas, and the U.S. continues to be the top location for such losses, according…

Is there no honor among thieves?

July 19, 2013

Brian Krebs of Krebs on Security recently wrote about an industrious Ukrainian who set about making audio skimmers, which he offered for the price of $2,450 at…

Respondents wanted for 2013 Security and Fraud Survey

July 17, 2013

The ATM Industry Association is urging all industry members to participate in the organization's security and fraud survey. And it's offering the incentive of…

Russian tech award winner charged with self-serve machine hack

July 12, 2013

Smart, yes — but then again, no. The Irkutsk student who took second-place honors in the 2012 All-Russian Information Technologies contest has now been charged…

EAST global FCS forum addresses ATM crime

June 27, 2013

The European ATM Security Team and LiquidNexxus co-hosted the first Financial Crime & Security Forum June 13–14 in The Hague, welcoming more than 100 law…