Debit Card Fraud news and trends

64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
Security & Fraud // May 25, 2023

The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is keeping fraud fighters busy, but their adversaries never sleep. Get the Full Story Complete the...

Hackers Clone Debit Cards From India Bank
Security & Fraud // August 14, 2018

India’s Cosmos Bank was the target of an attack in which hackers were able to transfer more than Rs 94 crore via a malware attack, reported The Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fiserv’s Davie: Card Reissuance Post-Breach: Why Less Is More
Security & Fraud // May 08, 2018

Only 5 to 10 percent of cards whose data is exposed in a breach end up getting used in fraudulent transactions, a Fiserv executive says in “Walk to the Elevator,” a new interview series from PYMNTS. Becoming more precise with fraud detection can help prevent...

ATM Debit Card Fraud Hit 10 Percent In 2017
Security & Fraud // March 06, 2018

A new report has revealed that there was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Interviews & Exclusives
64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 

May 25, 2023
The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is keeping fraud fighters busy, but their adversaries never sleep. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access […]

Fiserv’s Davie: Card Reissuance Post-Breach: Why Less Is More

May 08, 2018
Only 5 to 10 percent of cards whose data is exposed in a breach end up getting used in fraudulent transactions, a Fiserv executive says in “Walk to the Elevator,”...

Quick Reads
Hackers Clone Debit Cards From India Bank

August 14, 2018
India’s Cosmos Bank was the target of an attack in which hackers were able to transfer more than Rs 94 crore via a malware attack, reported The Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe […]

ATM Debit Card Fraud Hit 10 Percent In 2017

March 06, 2018
A new report has revealed that there was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. Get the Full Story...