FICO intros Card Compromise Manager antifraud solution

June 16, 2017

Silicon Valley analytics firm FICO has launched FICO Card Compromise Manager, an antifraud solution that detects and prioritizes compromised merchants and data…

Financial industry foresees no letup in fraud, survey finds

June 13, 2017

Financial and payment professionals do not anticipate any respite from cyberfraud and cyberattacks in the near future, according to a recent survey conducted…

AI yields 20 percent improvement in efficiency of AML efforts

June 8, 2017

HSBC Holdings PLS has tapped Silicon Valley-based Ayasdi Inc. to integrate artificial intelligence into its anti-money laundering process following a…

ATM skimming detection minus the downtime: More than a myth?

ATM malware makes for big headlines, but ATM skimming still makes up the bulk of ATM attacks worldwide. Many deployers think antiskimming solutions require a…

Authorities deny report of facial ID mandate for Hong Kong ATMs

June 2, 2017

In early May, the government of Macau announced that ATMs in the territory must be equipped with facial recognition and ID-reading technology.

Account takeover, application fraud rising fast, study finds

June 2, 2017

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group Impact Report, Financial Institution Fraud…

European authorities round up 27 suspects in ATM 'black box' attacks

May 24, 2017

A law enforcement action involving the cooperation of several EU member states, Norway and the Europol European Cybercrime Center has paid off with the arrest…

NAC serves up a new ATM survey and spins an old fallacy

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The National ATM Council has repeatedly said that big banks control FICO and use it as a propaganda tool to make retail operators look bad. Yet, the hard data…

In AML push, Macau mandates facial recognition at ATMs

May 12, 2017

The government of Macau has announced that ATMs in the territory must be equipped with facial recognition and ID-reading technology, which China UnionPay…

Russian hacker gets 27-year sentence for payment card data theft

April 25, 2017

It is notoriously difficult to extradite Russian hackers to face trial in the U.S. It was the misfortune of one Roman Seleznev, 32,  of Vladivostok, Russia, to…

FICO nixes NAC number-fixing claims on retail ATM compromise

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

On March 29, FICO released stats showing that nonbank ATMs accounted for the majority of card compromises in 2016. NAC fired back with a memo accusing FICO of…

Experian: US e-commerce fraud increases as EMV acceptance grows

April 18, 2017

Delaware, Oregon, and Florida were the top-ranked states for billing and shipping e-commerce fraud in 2016, according to a new report from Experian.

EAST reports 2016 crime stats for Europe's ATMs; black box attacks up 287 percent

April 13, 2017

A newly published report from the European ATM Security Team discloses that criminals carried out ATM black box attacks in 10 reporting countries during 2016.

NAC knocks new FICO findings on card compromise at nonbank ATMs

April 10, 2017

The National ATM Council Inc. is questioning — for the second year in a row — FICO statistics concerning card compromises at retail ATMs in the United States. 

TMD intros deep insert skimming defense for NCR SelfServ DIP-reader ATMs

April 7, 2017

TMD Security has launched its patented Card Protection Plate for NCR SelfServ ATMs with DIP card readers. The new design joins TMD's existing range of CPPs for…

Retail ATMs are again fraudsters' favorite target, FICO data finds

March 30, 2017

FICO reported Wednesday that the number of compromised card readers at U.S. ATMs, restaurants and merchants monitored by the Silicon Valley firm rose 3…

Is your ATM security what it should be?

ATM attacks not only pose a clear financial risk, but also present a serious threat to your brand and reputation. Are you doing everything you can to protect…

ATM Marketplace: February top 5

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Top reads for the month included Q1 and full-year earnings reports by major industry players, coverage of rising trends in cardless ATM transactions and a…

ATM skimming losses dip to historic low in EMV-compliant Canada

March 3, 2017

Interac skimming-related debit losses in 2016 declined for the seventh consecutive year, reaching a record low of $11.4 million, according to a press release…

Hitachi breach cited as source of major ATM malware attack in India

February 21, 2017

In late 2016, Indian media outlets widely reported an ATM malware attack that compromised between 3.2 million and 6.5 million debit cards from several of the…