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

How to keep your contactless payments secure

Posted on 19 September 2014.  |  Fraudsters can pickpocket a victimís financial data using low-cost electronics that can fit into a rucksack. Here are the top security threats you should be aware of if youíre using a RF-based card, along with our top safety tips to keep your payments secure.


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

Mon, Sep 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //