Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

8/31/2017
10:20 AM
50%
50%

US Debit Card Compromises Up 39%: FICO

FICO reports an increase in the number of compromised debit cards, ATMs, and point-of-sale devices in the first six months of 2017.

Compromises of ATMs and point-of-sale (POS) devices rose 21% in the US during the first six months of 2017, compared with the same timeframe one year prior. The number of compromised debit cards rose 39% in the same period, reports software firm FICO.

FICO's Card Alert Service monitors ATMs and card readers in the US, and its findings indicate the number of compromises is on pace to set a record high. FICO vice president TJ Joran, who manages FICO's fraud solutions, says the rate of fraud pattern changes has accelerated in the last 24 months.

The spike in card compromise should serve as a reminder to cardholders to use caution when using ATMs. FICO offers the following guidance:

  • If an ATM looks suspicious or your card doesn't enter the machine smoothly, consider getting cash elsewhere.
  • Never approach an ATM if someone is lingering nearby, and don't chat with anyone around the ATM.
  • If your card is captured inside the ATM, immediately call your issuer to report it.
  • If you suspect your card may have been compromised at a merchant or ATM, ask your card issuer for a new number and ask about account alert technology.

Read more details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
9/6/2017 | 7:05:26 PM
Re: Debit & Credit vs. Cash
@REISEN: I think that's why we're seeing people taking "cash back" on debit purchases at grocery stores and pharmacies much more often.

Also, what you point is a very real problem in second-world and third-world countries. At the MIT India Conference, speakers spoke extensively on the real-world conundrum people in outlying rural areas face where they have to walk more than 20 miles each way to get actual cash.
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
9/5/2017 | 3:00:21 PM
Re: Debit & Credit vs. Cash
Cash is always a good alternative, but you have to go somewhere to GET IT and years ago we used to cash our paychecks in a bank with a human being.  Now - direct deposit, debit card, atm and the cycle begins.  How many of us actually DO walk into a bank to withdraw money with a withdrawal slip (remember those?).  
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
9/2/2017 | 1:38:13 PM
Debit & Credit vs. Cash
This is why I increasingly pay cash for purchases when practical to do so. Too many skimmers out there... Brian Krebs has got me sufficiently paranoid.
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
9/1/2017 | 2:32:08 PM
Re: Suggestion for Card Usage
I know this is rather basic - and yes card compromise can and will happen so a low limit card can probable be hacked and a high credit limit applied as well.  Still, a good policy in any circumstance.

One word, though, even more frightening ---- PAYPAL.  
Sammy324
50%
50%
Sammy324,
User Rank: Strategist
9/1/2017 | 10:40:51 AM
Re: Suggestion for Card Usage
"And use ONLY that card for online purchases."

This! If only more people would know about this. Oh well...
REISEN1955
100%
0%
REISEN1955,
User Rank: Ninja
9/1/2017 | 10:28:29 AM
Suggestion for Card Usage
IF you do, like everyone does, card transactions - open ONE, just ONE, card with say a $500 balance limit.  And use ONLY that card for on-line purchases.  That way, IF the card is compromised, at least your exposure is really small and thieves cannot buy a Masserati on it.,
Edge-DRsplash-10-edge-articles
7 Old IT Things Every New InfoSec Pro Should Know
Joan Goodchild, Staff Editor,  4/20/2021
News
Cloud-Native Businesses Struggle With Security
Robert Lemos, Contributing Writer,  5/6/2021
Commentary
Defending Against Web Scraping Attacks
Rob Simon, Principal Security Consultant at TrustedSec,  5/7/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-29040
PUBLISHED: 2021-05-16
The JSON web services in Liferay Portal 7.3.4 and earlier, and Liferay DXP 7.0 before fix pack 97, 7.1 before fix pack 20 and 7.2 before fix pack 10 may provide overly verbose error messages, which allows remote attackers to use the contents of error messages to help launch another, more focused att...
CVE-2021-29041
PUBLISHED: 2021-05-16
Denial-of-service (DoS) vulnerability in the Multi-Factor Authentication module in Liferay DXP 7.3 before fix pack 1 allows remote authenticated attackers to prevent any user from authenticating by (1) enabling Time-based One-time password (TOTP) on behalf of the other user or (2) modifying the othe...
CVE-2021-29047
PUBLISHED: 2021-05-16
The SimpleCaptcha implementation in Liferay Portal 7.3.4, 7.3.5 and Liferay DXP 7.3 before fix pack 1 does not invalidate CAPTCHA answers after it is used, which allows remote attackers to repeatedly perform actions protected by a CAPTCHA challenge by reusing the same CAPTCHA answer.
CVE-2021-22668
PUBLISHED: 2021-05-16
Delta Industrial Automation CNCSoft ScreenEditor Versions 1.01.28 (with ScreenEditor Version 1.01.2) and prior are vulnerable to an out-of-bounds read while processing project files, which may allow an attacker to execute arbitrary code.
CVE-2021-29039
PUBLISHED: 2021-05-16
Cross-site scripting (XSS) vulnerability in the Asset module's categories administration page in Liferay Portal 7.3.4 allows remote attackers to inject arbitrary web script or HTML via the site name.