Skimming / Fraud News
Low-tech fraud, explosive attacks on the rise for Europe's ATMs
October 29, 2013
EAST has published its European ATM crime report covering the period from January to June of 2013. The report shows that while the incidence of card skimming…
read nowRussia busts counterfeiters who exploited ATM auto-deposit
October 17, 2013
Authorities in Russia have rounded up a gang of seven counterfeiters whose exploits were so effective that some banks stopped accepting 5,000 ruble banknotes …
read nowEAST 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…
read nowMexican 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…
read nowMDT 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…
read nowPhilippine 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…
read nowKaspersky 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…
read nowKiosk 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…
read nowEAST 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…
read nowIs 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…
read nowRespondents 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…
read nowRussian 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…
read nowEAST 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…
read nowUK's Nationwide deploys NCR anti-skimming solution
June 10, 2013
Nationwide Building Society, a 15 million-member savings and loan provider in the U.K., has opted to deploy the NCR Skimming Protection Solution. The…
read nowUK tech firm touts solution to contactless card fraud
June 6, 2013
About five years ago, touch-technology developers at U.K.-based Peratech began to warn of potential theft of data from contactless cards that rely on RFID for…
read nowUnisys Security Index: Most Americans worry about data breaches
June 5, 2013
A new study by IT technology provider Unisys indicates that the majority of Americans worry about data breaches at large organizations. But they're not all on…
read nowOrion FCU turns to Bluepoint to fight check fraud
June 4, 2013
Bluepoint Solutions has announced that Memphis, Tenn.-based Orion Federal Credit Union has selected its ImagePoint Teller solution, which the FCU will…
read nowKenya faces growing threat from ATM fraud cartels
May 30, 2013
Kenswitch, a local payments switch provider in Kenya, is warning that the country might well see an increase in gangs carrying out card fraud. The company said…
read nowA $45 million ATM frame-up?
May 22, 2013
In the recently reported $45 million bank theft, much attention has been focused on the fact that cash was obtained through ATM withdrawals. But the crime was…
read nowCrooks counterfeit 'impossible to counterfeit' Canadian currency
May 22, 2013
Maybe it's a challenge that no self-respecting counterfeiter could pass up. Or maybe it's a case of public overconfidence in banknotes that are supposed to be…
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