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Cyber Risks · Krebs on Security

A Dramatic Rise in ATM Skimming Attacks

Summary: FICO's Card Alert Service recorded a 546 percent increase in ATM skimming attacks from 2014 to 2015, the highest number of ATM compromises it has ever logged, with criminal activity highest at non-bank ATMs such as those in convenience stores, where 10 times as many machines were compromised as in 2014. In Europe, the European ATM Security Team reported 18,738 skimming attacks against ATMs in 2015, a 19 percent increase over the prior year, with total losses of 327.48 million euros, a 17 percent rise from 279.86 million euros in 2014.

What's compelling: Trailhead Credit Union turned off ATM capabilities at all 7-Eleven ATMs due to fraudulent activity, and FICO warned that organized criminal groups would likely target sites in other cities and regions - a 546 percent jump in one year at non-bank machines means the ATM your customers use for cash may be the weakest link in your card-fraud controls.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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