Skimming / Fraud News
Diebold, Wincor partner to launch global ATM security association
July 8, 2014
The association will share information to aid in the rapid implementation of countermeasures to ATM security threats. Membership is open to institutional…
read nowEAST reports first 'jackpotting' incidents in latest ATM fraud update
July 8, 2014
Four countries reported ATM malware incidents related to cash-out or 'jackpotting' — an alarming fraud variant that's new to Western Europe.
read nowStudy: Card fraud victimizes one in four consumers worldwide
July 8, 2014
According to a fraud study of more than 6,100 consumers across 20 countries, one in four consumers has been the victim of card fraud within the last five…
read nowStudy: 61 percent of data theft victims subsequently experience fraud
July 1, 2014
The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more.
read now'Luuuk' bank fraud nets $680K in one week via ATM cash-out
June 25, 2014
As EMV makes card skimming less profitable in Europe, criminals are finding new ways to access accounts. But they're still cashing out their stolen proceeds at…
read nowUK tipsters offered up to $42K for ATM crime-related information
June 9, 2014
LINK Interchange Network and the independent charity Crimestoppers have teamed up in an effort to stop crime at ATMs in the U.K. The effort includes rewards to…
read nowIn Macao, a disturbing new method of ATM skimming
June 2, 2014
Last week, authorities in the Chinese territory of Macau arrested a pair of Ukrainians who are alleged to have stolen around $100,000 from seven ATMs. The…
read nowAussie 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…
read nowMasterCard 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…
read nowEuropol 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…
read nowQatar 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…
read nowMore 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…
read nowFFIEC 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…
read nowSurvey: 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.
read nowInternational 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…
read now'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.
read nowInvestors 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…
read nowStudy: 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…
read now67% 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…
read nowMcAfee 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…
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