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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.

Fraud 88
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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.