article thumbnail

U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Of the total compromises detected, 63% happened at a single brand of convenience store, while only 20% took place at a branch ATM. In Oakland, one convenience store customer recently found a card skimmer. Without the PIN to unlock the card data, the fraudster can’t use the card details to make charges. Source: KTVU Fox 2 .

Fraud 52
article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Social media financial compliance specialist Gremln raised $1.4 It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. HQ: Oakland, California. Social media management & compliance for financial institutions .