Skimming - point-of-sale attacks at ATMs and sales terminals -- hurts everyone, including banks, retailers and their customers. And the PCI Security Standards Council is fighting the crime with a new set of best practices for skimming prevention.
ATM security keeps Terri Ipson up at night.
As the ATM protection "evangelist" at Diebold, the security solutions vendor, Ipson says she is constantly on the watch for the latest emerging threat that criminals are employing against ATMs globally.
Among the ways Diebold is looking to prevent criminals from...
This one was almost predictable.
We were just days away from Aug. 1, the date after which the Federal Trade Commission (FTC) would start enforcing compliance with the Identity Theft Red Flags Rule.
Then came the announcement from the FTC that it's going to extend the deadline. Again.
The Heartland Payment Systems (HPY) data breach may be the fraud story of year (so far), but ATM and debit card thefts are growing steadily and frighteningly at financial institutions.
Here are the top ATM/debit card fraud trends
The fraud fight is getting nastier by the minute, say experts familiar with the new schemes - and some old ones with new wrinkles -- being perpetrated by criminals against financial institutions and their customers. Here are 13 of the most prevalent ruses.
OK, so today's the day.
After two months of anxious anticipation, today is May 19, the deadline Visa set for financial institutions to file fraud claims related to the Heartland Payment Systems (HPY) data breach.
In what is being called a well-orchestrated ATM card scam, the true extent of RBS WorldPay's public announcement in late December that its computer systems had been hacked in November has been revealed.
An alleged bank robber gets away with nothing, and he's in jail awaiting trial. Not that I'd argue otherwise. Meanwhile, Madoff defrauds investors of billions, quite literally ruins businesses and lives ... and he hasn't even lost access to his premium movie channels.
From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar.
What does next year hold for fraud against financial institutions? Here are 10...
I'm out in the field this week conducting a series of services for one our clients. At the moment I'm heavily focused on completing a draft of a new vendor management program for them to implement. Although we have a standard methodology that's been used by the practice for several years, I've taken it upon myself...