Editor's Choice: ATM Fraud: Skimming is #1 Threat; Phishing Attacks on the Rise

Industry insiders say card skimming incidents are growing and the ATM is the most-hit target, and a rash of targeted phishing schemes brings phishing attacks back to the fore.A review of the month's top stories by Managing Editor Tracy Kitten: Industry insiders say ATM skimming incidents are picking up, and a rash of targeted phishing schemes once again brings the crime of phishing to the fore.

ATM Fraud: Skimming is #1 Threat -- After an uptick in skimming incidents already in 2010, security experts say that we will see even more skimming in the United States in the months ahead, particularly against ATMs.

Phishing Attacks on the Rise -- A recent rash of targeted phishing schemes -- which included hits to military accountholders and their families at USAA and Navy Federal Credit Union, as well as a separate attack on officials at the World Bank -- has again brought the crime to the fore.

ID Theft: Insider Access is No. 1 Threat -- Privacy expert Kirk Nahra says Social Security numbers are used too often, which leads to their compromise and, ultimately, identity theft.

Payments Prophet -- Richard Oliver of the Fed Reserve of Atlanta expects 2011 to be the year U.S. banking institutions begin heavily investing in EMV or EMV-like chip technology.

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