In a fast changing world, financial institutions are increasingly at the mercy of smart assaults on their ATM networks. Vigilance is no longer enough to defend against ATM fraud. Breaches are inevitable as hackers develop new methods for exploiting ATM security vulnerabilities. In order to win, security tech needs a...
Security experts warn about a trio of new threats: GreenDispenser cash-out malware, the Shifu banking Trojan being spread via malvertising attacks and Neutrino crimeware getting an upgrade to steal payment-card data.
A Turkish man who allegedly masterminded a string of quick-hit ATM "cash out" attacks - netting at least $55 million - has reportedly been extradited from Germany to New York to face related charges.
The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.
A sophisticated hacking group in Eastern Europe with ties to banking Trojans like Carberp has now been linked to attacks waged against 16 U.S. retailers. Could U.S. banks be the next big targets?
Researchers demonstrate how ATMs could be hacked - without installing malware - by connecting a tiny computer to an inside port, bypassing the ATM's own computer and instructing the cash dispenser to begin issuing money.
ATM skimming attack sophistication, and recent global upticks in ATM cash-out schemes, have put a spotlight on ATM-related fraud. Banking institutions, in particular, have struggled to keep up with some of these emerging ATM fraud schemes. One challenge banks and credit unions face is that their ATM networks are often...
Seventeen individuals are facing charges for their alleged roles in an international ATM skimming and money laundering scheme. The indictments of multiple individuals for a low fraud amount is encouraging, experts say.
What security vulnerabilities are exposed by recent skimming attacks at eight Toronto hospitals? Fraud experts say there are lessons to be learned when placing ATMs outside traditional bank locations.
When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
If an ATM can be hacked effortlessly during a conference presentation, then how vulnerable to fraud are these devices when deployed by banking institutions and merchants?
Interview with Allan Bachman of the Association of Certified Fraud Examiners
The magnitude of fraud schemes has grown - the scale and the losses. But the basics of fraud investigation remain sound. And if there's one thing people should know up front, says Allan Bachman of the Association of Certified Fraud...
Ghosts of Crimes Past and Present Will Haunt the Future of Banking Institutions and Customers
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were hit from every angle with...
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