22 October 2014
“As we forge ahead into the digital age, one question comes to the forefront: Will cardless transactions be an important part of the future for ATMs?
This question naturally leads to the consideration of best practices for channel convergence.
Some forward-looking independent ATM deployers have begun to develop strategies for implementing contactless ATM transactions. According to the 2014 US Independent ATM Deployer Survey, 35 percent of IADs currently have such plans in the works.”
21 October 2014
“This author has long been fascinated with ATM skimmers, custom-made fraud devices designed to steal card data and PINs from unsuspecting users of compromised cash machines. But a recent spike in malicious software capable of infecting and jackpotting ATMs is shifting the focus away from innovative, high-tech skimming devices toward the rapidly aging ATM infrastructure in the United States and abroad.
Last month, media outlets in Malaysia reported that organized crime gangs had stolen the equivalent of about USD $1 million with the help of malware they’d installed on at least 18 ATMs across the country. Several stories about the Malaysian attack mention that the ATMs involved were all made by ATM giant NCR. To learn more about how these attacks are impacting banks and the ATM makers, I reached out to Owen Wild, NCR’s global marketing director, security compliance solutions.”
20 October 2014
“President Obama launched a government initiative today to support the US migration to EMV and improve information sharing on cyberfraud threats.
During an event at the Consumer Financial Protection Bureau, President Obama signed an executive order today aimed at reducing cyberfraud and identity theft. The US government will launch the BuySecure initiative to improve payment security by encouraging the adoption of EMV chip-and-PIN systems at merchant terminals and by enhancing information sharing among consumers and stakeholders in cases of cyberfraud and identity theft.”
17 October 2014
“Diebold, one of the world’s leading security integrators, has unveiled a new ATM featuring an anti-skimming card reader and biometric finger vein readers.
Diebold’s new 5500 series will also have security camera provisioning, encryption technology and monitoring services, the firm said in a 14 October press release.
“Institutions have been clear in the necessity to build efficiencies and lower costs while still delighting their customers with leading-edge, secure technologies and stellar service – even in challenging environments,” said Frank A. Natoli, Jr. , executive vice president and chief innovation officer, Diebold.”
16 October 2014
“You’ve probably heard about ATM skimmers that steal your personal information during a transaction, but a group of scammers have reportedly taken it one step further to nab huge amounts of cash from the ATM itself rather than individual accounts.
As detailed by Kaspersky Lab’s Global Research and Analysis Team (GReAT), malware known as Tyupkin can infect insecure ATMs from major manufacturers that are running Microsoft Windows 32-bit.”