New research shows that hackers are turning to a new, more low-tech ways to steal money out of ATMs, Wired reported. The ATM-emptying attack, which cybersecurity researchers at Kaspersky said uses a precise method of physical access, only requires a portable power drill and a...
Fraud detection and prevention is no cottage industry. As debit and credit cards grow in the field, making inroads to consumers where they’d not been held before, so too has the opportunity grown for skimming and pilfering. And FICO has seen an alarming uptick and uptake in...
Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. The machines are designed to stop users from being conned into transferring money from their bank accounts at an ATM by preventing transactions from completing if it detects the person is...
Remember the old adage about why bank robbers rob banks — cuz it’s where the money is? That’s precisely why cyberthieves are now targeting ATMS — that’s where the cash is. In the latest PYMNTS Topic TBD, George Zirkel, SVP and head of global payments...
March 06, 2018
A new report has revealed that there was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. “The number of compromises and the number of card members impacted set a new record last year,” said TJ Horan, vice president of fraud solutions at FICO. “While most […]
April 04, 2017
New research shows that hackers are turning to a new, more low-tech ways to steal money out of ATMs, Wired reported. The ATM-emptying attack, which cybersecurity researchers at Kaspersky said...
March 29, 2017
Fraud detection and prevention is no cottage industry. As debit and credit cards grow in the field, making inroads to consumers where they’d not been held before, so too has the opportunity...
July 13, 2016
A group of masked robbers are suspected of using a computer program to hack into ATMs in Taiwan to steal more than $2 million. The thieves are believed to have...
