Analysts say ATM systems highly vulnerable

Wednesday, 3 August 2005, 10:18 AM EST

By failing to scan security codes in the magnetic strips on ATM and debit cards, many banks are letting thieves get away with an increasingly common fraud at a cost of several billion dollars a year.

A report Tuesday from Gartner Inc., a technology analyst firm, estimates that 3 million U.S. consumers were victims of ATM and debit-card fraud in the past year.

By Brian Bergstein at BusinessWeek.

[ Read more ]




Spotlight

Cloned, booby-trapped Dark Web sites steal bitcoins, login credentials

Apart from being a way for dissidents and journalists to do their business without being spotted and identified by "the powers that be", the Dark Web is also a place where criminals sell and buy illegal wares and services and, apparently, where they also get robbed by scammers.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Jul 3rd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //