An analyst says two guilty pleas by defendants who played leading roles in an international account takeover and ATM cash-out scheme worth more than $15 million were not surprising because of the strong evidence in the case.
While the U.S. migration toward EMV card technology may have been jolted by a July court ruling, Randy Vanderhoof of the Smart Card Alliance contends the movement toward EMV will accelerate in 2014.
A recent ATM fraud scheme that targeted banks in three states illustrates just how sophisticated ATM attacks have become, experts say. Learn how fraudsters are increasingly keeping their skimming schemes concealed.
A recent ATM skimming scheme linked to the theft of hundreds of thousands of dollars is an indicator of a coming surge in this type of fraud, experts say. Learn about the causes of this trend.
ATM-related fraud is increasing in the United States, and experts say losses will continue to grow until the market achieves widespread adoption of cards using EMV chip technology and phases out magnetic-stripe cards.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
A recent ATM cash-out scheme that netted $45 million puts a spotlight on the need for preventive measures, says John Buzzard of FICO's Card Alert Service. He offers several fraud mitigation tips.
Visa's alert to U.S. card issuers about increasing global ATM cash-out schemes should serve as a warning of bigger scams to come, says ATM expert Nicole Sturgill. Why are cash-out incidents on the rise?
Banks and credit unions say losses linked to card-skimming are a growing concern. Why are skimming attacks successful, and what can be done to thwart the threats?
Card skimming at ATM vestibule access doors is a source of increasing concern for financial institutions and law enforcement agencies. What new security measures should institutions take?
ATM skimming losses are down at European banks. But the low-tech scheme of cash trapping is on the rise. How should banking institutions respond to this latest fraud trend?
Following the DBS Bank skimming attack, banking regulators now demand more protections for accountholders. What can be gleaned from the new security controls institutions have deployed?
When Canadian police raided the homes of 12 suspects, they found stunning evidence of a major payment card skimming scheme involving ATMs and pay-at-the-pump gasoline terminals in Greater Toronto.
Chuck Groat, VP of bankcard risk management at Zions Bank, says his department has spent the New Year just trying to keep up with compromises - including the latest pay-at-the-pump attacks.
Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing paymentsecurity.io, you agree to our use of cookies.
