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?
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.
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?
First the hackers came for our credit cards. Now they're taking control of our TVs. Witness the latest version of FLocker - for "frantic locker" - which is designed to lock Android devices, including smart TVs.
A Japanese ATM cash-out scheme that stole $19 million from South Africa's Standard Bank in less than three hours illustrates why devising better ways to mitigate the risks posed by such schemes must be a priority for financial institutions in markets - including the U.S. - that still rely on mag stripe debit cards.
Hong Kong toymaker VTech has revised its end-user license agreement to make clear that it can't be held legally responsible for any data breaches. Many security experts have reacted with fury. But is VTech's move unusual?
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Security experts warn about a trio of new threats: GreenDispenser cash-out malware, the Shifu banking Trojan being spread via malvertising attacks and Neutrino crimeware getting an upgrade to steal payment-card data.
A new security alert from NCR Corp. warns that ATM skimming attacks in the U.S. are on an upswing. And as EMV migration efforts ramp up, experts say banks and credit unions can expect these attacks to continue to increase. But what can be done to mitigate the risk?
The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.
London police have arrested a suspect on charges that he participated in a series of ATM malware attacks that netted Â£1.6 million ($2.6 million) from 51 cash machines over a three-day holiday weekend in May.