Remove ATM Remove Cards Remove Cyber Security Remove Fraud
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Were 3.25M Indian Debit Cards Breached?

PYMNTS

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

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Banks battling a barrage of cyber attacks

NCR

According to an Accenture survey , senior bank staff who participated believe their cyber security defenses are secure even though one-third of attempts by cybercriminals to breach banks are successful. Online fraud is one of the biggest challenges for the financial community. Cardless ATM transactions are one example.

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Mastercard’s ‘selfie payments’ mark new era for biometrics and security

NCR

This is clearly an area with huge potential for growth and innovation, but as more and more financial institutions (FIs) jump on the biometrics bandwagon, one of the big concerns for law enforcement agencies and regulators will be the evolving threat of fraud. This is a significant milestone in the evolution of payments.

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From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

Instead, Carbanak targeted the banks’ internal money processing services and automated teller machines (ATMs). Securing the Vault. While bank IT teams have made strides to protect customer data and limit credit card fraud, the security of the bank’s own internal systems has been taking a backseat.

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The 2015 GonzoBanker Awards

Gonzobanker

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. Idea Bank in Poland for its roaming fleet of ATM-equipped automobiles with an Uber-like app available for bank customers to order cash drop-offs. FFIEC’s Cyber Security Self-Assessment Tool. And the winners are ….