US data analysis company, FICO, has released a report that highlights a 70% rise in debit card fraud in the US in 2016. This follows a steady rise in hacked card readers at ATMs, restaurants and merchants over the past two years.
The number of payment cards compromised at US ATMs and merchants monitored rose 70% in 2016. The number of hacked card readers at US ATMs, restaurants and merchants rose 30% in 2016. This new data follows a 546% increase in compromised ATMs from 2014 to 2015.
ATMs And PoS Devices Vulnerable
The report states that 60% of the compromises were at non-bank ATMs, such as those in convenience stores. The rest took place at bank ATMs or point-of-sale (PoS) devices, such as card payment machines at retailers.
The report also sets out that the means to skim card readers are easily acquired and such fraud is almost certain to rise.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Gavin Ryan. Click subscribe to sign up to ESM: The European Supermarket Magazine.
