Skimming / Fraud News
Self-service payments firm foils Russian counterfeiters
March 6, 2014
Recently and virtually overnight, Russia's monetary system saw a huge influx of counterfeit currency in 1,000 ruble ($27.73) and 5,000 ruble ($138.65…
read nowNew PCI SSC e-learning program to focus on protecting data, preventing breaches
March 6, 2014
The PCI Security Standards Council has announced a new series of online training courses designed to help companies keep customer payment data secure and…
read nowEVO Payments, MagTek strike security deal
March 3, 2014
EVO Payments Intl., a payment service provider operating in the United States, Canada and Europe, has announced an agreement with e-payments security tech…
read nowVisa beefs up prepaid fraud prevention with PCS
March 3, 2014
Visa Inc. has completed technical development of a new service designed to detect and prevent fraud schemes involving prepaid cards. The company's prepaid…
read nowAs counterfeit card fraud falls in Europe, online fraud rises
February 25, 2014
In 2012, card fraud within the single euro payments area increased for the first time since 2008, driven mainly by growth in Internet fraud, according to the…
read nowCommunity FIs reissue 4M cards in the wake of data breaches
February 19, 2014
Following a spate of high profile card data thefts, America's community banks have so far reissued more than 4 million bank cards at a total cost of more than…
read nowAuthorities propose feeding ATM CCTV footage into police servers
February 19, 2014
Authorities in Bhubaneswar, a city in India's Odisha state, are proposing that banks integrate their CCTV feed with police servers in order to improve ATM…
read nowRCMP says seized ATMs were money laundering stations
February 17, 2014
Police in the Canadian city of Winnipeg have seized a half-dozen white label ATMs they said were being used to launder money in a high-level trafficking…
read nowMagTek offers free queries to fraud prevention database
February 13, 2014
MagTek, a Seal Beach, California-based provider of secure payment technology, announced this week it will provide merchants with free access to its card…
read nowCard data from Target breach used in counterfeit card spending spree
January 30, 2014
A Mexican man and woman arrested early this week on charges of credit- and debit-card fraud were carrying 100 counterfeit cards striped with data stolen in the…
read nowPaydiant wins patent for smartphone-ATM transaction solution
January 23, 2014
Several months after rolling out a solution that enables ATM transactions from smartphones, the Boston-based mobile payments provider Paydiant has gained a…
read nowData security bill makes another appearance in the Senate
January 9, 2014
In the aftermath of the recent data security breach at Target, Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., has reintroduced the Personal Data…
read now8 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…
read nowThieves 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.
read now40M 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…
read nowEven 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…
read nowEAST 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…
read nowStudy 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…
read nowNew 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…
read nowTMD 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…
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