Innovation not only takes place in product development shops: Criminals innovate, too. And when it comes to security, the arms race never ends. Illicit attempts to access money—whether via online or physical means—have only increased in prevalence.How do financial institutions successfully combat such threats?Today, ATMs resemble mini-branches more than ever before, and this new reality channel-wise means Read More
A sophisticated crime where thieves install malicious software and/or hardware at ATMs—and force the machines to spit out up to 40 bills every 30 seconds—has for some time threatened banks in Europe and Asia. Yet these attacks somehow spared U.S. ATM operators—until now. Last month, the U.S. Secret Service warned financial institutions that “jackpotting” attacks have targeted Read More
Five decades after they were first unveiled in Swinging London as marvels of secure, cash-dispensing convenience, automatic teller machines are more vulnerable than ever—thanks to a wide array of attacks that include skimming devices, malware, intercepted communications, outright theft of the machines—and a new technique known as “jackpotting.” To thieves who pull this latest type heist, the Read More
In 1967, Thurgood Marshall became the first black U.S. Supreme Court Justice, Middle East fighting flared with the Six Day War and The Beatles released “Sgt. Pepper’s Lonely Hearts Club Band.” In fact, less than 30 days after “Sgt. Pepper” hit record stores, another history-book moment took place just 12 miles due north of the Abbey Road Read More
Lyndon Johnson was in the White House. “Bonanza” and “The Andy Griffith Show” topped the TV ratings. The Rolling Stones, Beach Boys and Beatles ruled the record charts. In fact, less than 30 days after The Beatles celebrated the release of “Sgt. Pepper’s Lonely Hearts Club Band,” another watershed moment was taking place just 12 miles due Read More
ATMs in the U.S. and other parts of the world have generally validated the identity of bank customers with something the user has (a card) and something the user knows (a PIN). This decades-old approach is increasingly vulnerable to fraud from a variety of methods. Worse, there are a growing set of digital credentials and identities being Read More
