Skimming / Fraud News
Skimmer Scanner turns tech tables on fraudsters
November 26, 2017
Spark Fun, a tech company, has developed a mobile app to help consumers determine whether a gas pump has been outfitted with a card skimmer.
read nowEAST releases 2017 fraud alert stats to date
August 24, 2017
Through Aug. 21, the European Association for Secure Transactions (previously the European ATM Security Team) issued a total of 155 fraud alerts involving 2…
read nowChicago news team finds new cause for worry in chip cards
August 15, 2017
With EMV implementation driving a rapid increase in card-not-present fraud in the U.S. — from an estimated $3.1 billion in 2015 to an expected $5.2 billion in…
read nowATMIA takes aim at $20M in ATM withdrawal fraud
August 15, 2017
Research commissioned by the ATM Industry Association and authored by Tremont Capital Group has confirmed that approximately 20–25 percent of ATM withdrawal…
read nowPhilippine fraudsters could face life for ATM skimming
July 6, 2017
A Philippine lawmaker has submitted legislation that would send some ATM fraudsters to prison for life.
read nowFraud losses could set new record in 2017
July 4, 2017
Card fraud loss trends dipped in 2016, but escalating losses in 2017 hint that it could be a record year for fraud, according to a press release.
read nowFICO 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…
read nowFinancial 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…
read nowAI 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…
read nowAuthorities 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.
read nowAccount 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…
read nowEuropean 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…
read nowIn 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…
read nowRussian 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…
read nowExperian: 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.
read nowEAST 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.
read nowNAC 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.
read nowTMD 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…
read nowRetail 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…
read nowATM 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…
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