It seems Bali is not only vacation paradise but also the card skimmers Bonanza?!
It was announced by Coconuts Bali, four fraudsters involved into card skimming activity have been arrested. The cash in the value of 0.5 mln USD (!!!) has been seised during the arrest, as in written on the site https://coconuts.co/...
Murphy’s Law in ATM security
“Murphy’s Law” states that "Anything that can go wrong, will go wrong”. The principles that excellently describe the situation we have today with ATMs were introduced back in the late 70’s. The initial design of the machine (and also later designs) took it for granted that all ATM users are honest and follow rules set by banks and payment organizations. ATMs vendors and owners (banks) have assumed that ATM devices are immune against criminals and fraudster’s attacks. In contrary; what we have learned the hard way is that they are not. On the contrary– during the last 10 years it...
Is the California Consumer Privacy Act a step toward a US version of GDPR? (1)
James Francis Trocme recently has posted on LinkedIn the short article We would like to cite it in full: Consumer expectations and demands about data privacy and security are rising and spreading. California is the new battleground in the US for what may evolve into a wave of GDPR-like state and eventually federal regulation or legislation. The California Consumer Privacy Act will grant people in the state new rights to control information businesses gather about users and subscribers and monetize. Therefore understanding GDPR and now CCPA, if you have not already looked into it, is probably a good way to...
Social engineering … What can we expect from fraudsters?
I have taken the name of the blog from the article, recently published by PLUSWorld.ru (1). As I have already mentioned in my previous blog (2), Financial Industry must think about what the next step will be done by criminals, looking for “free money”? I found the opinion expressed in the article about what we can expect soon in regard to “social engineering” from fraudsters very important. There are more and more cases of compromising the whole banking systems, using “social engineering” technology! The phishing letter is one of the best examples. As we can find from many articles, very...
If you have no Anti-Skimming/Deep Insert Skimming protection plan in place, you have NO CHANCE to protect customers!
I 100% agree with the statement made by Corey Jay King from AGS company, commenting (1) the last skimming attack happened recently in LAWRENCEVILLE, GA where over $60,000 have been stolen from over 100 banks customers due to the card skimming! (2) The story just confirms the card skimming is not yet gone. It is still the important (and efficient !!!) type of card fraud, required active counteraction from ATMs owners site. We at SPL GROUP are offering very affordable and high-efficient anti-skimming technology. Our solution successfully prevents any type of card skimming and provides anti-skimming device monitoring. Please click on...
The “Onion Principle” in ATM Security | updated
The security of ATMs becoming more and more complex and as a result, require a more complex approach. It must be systematic, “coordinated” and multi-layered. ATM security depends on all sides involved in the ATM manufacturing, installation, running and using process. The cardholder must be educated on how to use the ATM to avoid possible card skimming! The special design of the ATM shutter, made by the ATM vendor, could significantly lower the chance of “cash trapping” by criminals. The special SW installed by the ATM owner could prevent criminals from installing the special malware on ATMs. The small device...
Are your ATMs GDPR compliant? | Checker ATM Security
The European law that went into effect in 2018 requires “all companies processing and holding personal data of data subjects residing in the European Union, regardless of the company’s location” (*). Does this means that a transaction made by a person from the EU on an ATM somewhere in Buffalo must be stored in accordance with the GDPR law requirements? It seems yes, they must! In “American Banker” (*) we read: “Basically any institution around the world that has an EU citizen, a European subject, is subject [to the law],” In the same article we read: “A European data subject...
Checker – the ultimate ATM security solution | ATM malware protection
Are you aware that even the Industry Leading desktop PC Anti-Virus and Anti-Malware programs are NOT as Effective at defending ATMs? Whilst these “regular defense” programs excel at detecting day-to-day PC threats, they cannot distinguish between a Genuine, and a Malicious Application designed to, for example, Dispense Cash or Capture Data at the criminal’s request. ATM attacks are becoming more and more sophisticated; whilst Card Skimming is still very “popular”, criminals have turned their attention to more lucrative forms of theft, with software based attacks increasing rapidly. Almost every week, new variants of virus or malware capable of assisting...
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ATM GDPR (2)
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Black Box (3)
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