A Turkish man who allegedly masterminded a string of quick-hit ATM "cash out" attacks - netting at least $55 million - has reportedly been extradited from Germany to New York to face related charges.
Security experts warn ATM operators to ensure their machines are locked down in the wake of ATM manufacturer NCR's warning that it is investigating a series of USB-port hack attacks on ATMs in India.
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.
Researchers demonstrate how ATMs could be hacked - without installing malware - by connecting a tiny computer to an inside port, bypassing the ATM's own computer and instructing the cash dispenser to begin issuing money.
ATM skimming attack sophistication, and recent global upticks in ATM cash-out schemes, have put a spotlight on ATM-related fraud. Banking institutions, in particular, have struggled to keep up with some of these emerging ATM fraud schemes. One challenge banks and credit unions face is that their ATM networks are often...
Interview with Allan Bachman of the Association of Certified Fraud Examiners
The magnitude of fraud schemes has grown - the scale and the losses. But the basics of fraud investigation remain sound. And if there's one thing people should know up front, says Allan Bachman of the Association of Certified Fraud...
Government and business must think creatively to help safeguard America's digital assets, says Melissa Hathaway, the former White House acting senior director for cybersecurity who led President Obama's 60-day cybersecurity policy review.
Hathaway, an interview with GovInfoSecurity.com, cited the innovative...
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