Skimming / Fraud News & Media
Researchers discover chip and PIN flaw
September 14, 2012
Researchers at the University of Cambridge this week revealed that they had identified a troubling defect in the propagation of one-off chip and PIN…
read nowRBI asks banks to step up ATM remote monitoring
September 5, 2012
An increase in crime at ATMs has prompted the Reserve Bank of India to request that all banks install remote monitoring devices that would automatically alert…
read nowRBI ends ATM cash retraction in response to fraud
September 4, 2012
India's ATM users may need to pay closer attention to their ATM transactions from now on. In response to a National Payments Corporation of India's request…
read nowConix adds image analytics to fraud, dupe detection solutions
August 29, 2012
Conix Systems Inc., a provider of payment processing solutions, has introduced image analytics to enhance its fraud and duplicate detection solutions. The new…
read nowPhilippines hopes biometric ID will foil fraud at the ATM
August 27, 2012
Pantawid Pamilyang Pilipino Program, a Philippines social welfare program, plans to introduce biometric ID as a means to fight fraud in the distribution of…
read nowStudy: FICO data shows spike in US credit, debit fraud
August 24, 2012
FICO, a provider of predictive analytics and decision management technology, today released data from the FICO Falcon Fraud Manager Consortium. The analysis…
read nowStudy: Brits favor cash, aren't keen on contactless
August 20, 2012
The U.K. continues to demonstrate a lack of appetite for contactless technology; only 17 percent of citizens there think a "cashless future" would make their…
read nowFrench ATMs fork over 1M to crooks
August 20, 2012
French banks are scrambling to plug a security gap that allowed criminals to steal more than €1 million ($1.24 million) from ATMs using nothing more than a…
read nowFive-man gang swipes $500k in skimming operation
August 7, 2012
The U.S. Secret Service and 16 police agencies in and around Detroit are searching for five men they believe to be responsible for a skimming operation that…
read nowATMs dole out unlimited cash; cardholders charged with theft
August 3, 2012
Customers who took advantage of a hiccup in the ATM system of Australia's Commonwealth Bank that allowed them to withdraw more money than they had in their…
read nowGlobal Payments says March data breach has cost $84.4M
July 27, 2012
Atlanta-based Global Payments Inc. yesterday announced results for its fiscal fourth quarter and year ended May 31, 2012. The transaction processor reported…
read nowANZ Bank security chief ties uptick in fraud to downturn in economy
July 26, 2012
Australia's ANZ Bank is concerned that a weak global economy is prompting cyber thieves to target bank accounts with skimming and related fraud operations.
read nowSkinny new skimmer works inside the ATM
July 24, 2012
ATM skimming operators may be bad people, but they're good at what they do. And they're getting better at it all the time.
read nowRussian ATM fraudsters foiled by face mask
July 23, 2012
Was the green face mask their worst mistake? Or the decision to target a card-skimming capital?
read nowEAST releases fraud report for first half of 2012
July 23, 2012
The European ATM Security Team (EAST) has published its second European Fraud Update of the year. The report includes statistics from January through June of…
read nowIt's a summer of scams for Norway's ATMs
July 20, 2012
When the weather warms up in Norway, it seems, the scammers come out of their dens.
read nowRegional bank expands relationship with FIS
July 12, 2012
FIS, a provider of banking and payments technology, today announced that Cadence Bank has expanded its relationship with the company, deploying several new…
read nowATM design flaw leads to big swindle in India
June 27, 2012
Authorities in the Indian states of Punjab and Kerala are investigating an ATM fraud carried out by thieves who exploited a weakness in the design of some ATMs.
read nowATMIA releases new ATM Fraud Survey
June 20, 2012
The ATM Industry Association (ATMIA), the non-profit association for the global ATM industry, today announced the release of a new ATM fraud survey conducted…
read nowChinese authorities bust billion-yuan bankcard fraud ring
June 19, 2012
Chinese authorities have rounded up more than 200 people suspected of participating in a massive bankcard phishing scheme that may have netted as much as a…
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