"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
The top breaches of 2009 can be described in many ways, but the first word that comes to mind is "big."
With the announcement in January of the breach that surpassed the 2005 TJX breach, Heartland Payment Systems leads all of the hacks that hit or affected the financial services industry in 2009.
OK, it's year-end and everybody is thinking about the biggest this, biggest that of the year - of the decade, even. And we'll have our own lists, too, no worries. There's a lot to look back upon this year, and even more to look forward to in 2010.
But what are on my mind today are the big stories that no one seems...
Three ATM skimming operations in Maryland, Illinois and Georgia have netted thieves more than $120,000, according to law enforcement agencies investigating the crimes. These discoveries follow several recent incidents of ATM skimming in other states.
Bank customers in California, Wisconsin and Missouri are reporting fraudulent ATM withdrawals that police say are tied to transactions conducted with the Hancock Fabrics retail chain.
A series of skimming crimes that hit the Nashville, TN area recently is but one of many ATM fraud schemes preying upon financial institutions and their customers.
Eight members a hacker ring that made off with more than $9 million in a massive ATM fraud scheme last November were indicted in an Atlanta, GA courtroom this week.
Government and business must think creatively to help safeguard America's digital assets, says Melissa Hathaway, the former White House acting senior director for cybersecurity who led President Obama's 60-day cybersecurity policy review.
Hathaway, an interview with GovInfoSecurity.com, cited the innovative...
Skimming - point-of-sale attacks at ATMs and sales terminals -- hurts everyone, including banks, retailers and their customers. And the PCI Security Standards Council is fighting the crime with a new set of best practices for skimming prevention.
ATM security keeps Terri Ipson up at night.
As the ATM protection "evangelist" at Diebold, the security solutions vendor, Ipson says she is constantly on the watch for the latest emerging threat that criminals are employing against ATMs globally.
Among the ways Diebold is looking to prevent criminals from...
This one was almost predictable.
We were just days away from Aug. 1, the date after which the Federal Trade Commission (FTC) would start enforcing compliance with the Identity Theft Red Flags Rule.
Then came the announcement from the FTC that it's going to extend the deadline. Again.
The Heartland Payment Systems (HPY) data breach may be the fraud story of year (so far), but ATM and debit card thefts are growing steadily and frighteningly at financial institutions.
Here are the top ATM/debit card fraud trends
The fraud fight is getting nastier by the minute, say experts familiar with the new schemes - and some old ones with new wrinkles -- being perpetrated by criminals against financial institutions and their customers. Here are 13 of the most prevalent ruses.
OK, so today's the day.
After two months of anxious anticipation, today is May 19, the deadline Visa set for financial institutions to file fraud claims related to the Heartland Payment Systems (HPY) data breach.
So...now what?
In what is being called a well-orchestrated ATM card scam, the true extent of RBS WorldPay's public announcement in late December that its computer systems had been hacked in November has been revealed.
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