Malware designed to get ATMs to spit out their cash - advanced when it first debuted - has been upgraded, according to a report from FireEye. Now, the Ploutus-D malware talks to legitimate ATM middleware, enabling it to target machines from 40 vendors. What does this mean for financial institutions?
Localized skimming attacks, whether waged against ATMs or self-service gas pumps, continue to wreak havoc on banks and credit unions. And we're likely to see an uptick in 2017 as fraudsters ramp up their efforts to cash in.
A just-issued report from President Obama's Commission on Enhancing National Cybersecurity outlines challenges the next administration should address. Observations from one of the panel's commissioners highlight the latest episode of the ISMG Security Report.
Visa and MasterCard have pushed back their EMV fraud liability shift date for U.S. pay-at-the-pump gas terminals from October 2017 to October 2020. They made the right decision, given the relatively low rates of card fraud at gas pumps.
Why are ATMs a top target for fraudsters? In an interview, Shirley Inscoe, a financial fraud expert and analyst at Aite Group, offers insights based on a new study and predicts the surge in skimming will continue next year.
Local police are investigating ATM skimming attacks at four New York hospitals. Security experts warn that fraudsters will likely continue to target locations, including hospitals, where ATMs are not closely monitored and around-the-clock access to the terminals is available.
European banks have seen a new wave of ATM jackpotting attacks, where machines are commanded by malware to spit cash into the waiting hands of criminals, according to a new report. But why is this report being cautiously received?
During a recent business trip to San Francisco, ATM security expert John Buzzard stumbled upon an ATM that had been damaged by an explosive substance - a vivid reminder of an emerging threat. Buzzard offers insights on the latest ATM risks.
When it comes to describing the top fraud threats to UK financial institutions, it's all about compromised identities and credentials, says John Marsden of Equifax. How can organisations prove their customers are who they say they are?
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
A Michigan credit union's bold move to block members from using their payment cards at all Wendy's locations following a malware attack won't do much to stop fraud. But it does send a strong message that the financial institution doesn't think Wendy's has done enough in its efforts to protect customers.
Brazen ATM thefts from financial institutions in Taiwan and Thailand have sent a shiver through the global banking industry. An inside look at the malware used in the attacks reveals attackers' clever, incremental improvements.
Thai police say they have identified all of the suspects allegedly involved in recent "jackpotting" malware attacks against 21 ATMs, leading to the theft of 12 million baht ($350,000). The malware is a new strain called "Ripper," raising concerns for banks worldwide.
Russia, which some have blamed for attacks against the Democratic Party in the U.S., has offered a detailed description of coordinated cyberattacks against its scientific, public authority and military institutions. Is the announcement a tit-for-tat move after the charges of Russian involvement in U.S. hacks?