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The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.
July 14 -
The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.
June 26 -
The Target card data breach dominated headlines last year, but it was just one of hundreds of hacking incidents to hit banks and expose the personal information of their customers, according to Verizon's latest Data Breach Investigations Report.
April 22 -
An organization calling itself Anonymous Ukraine has boasted of a huge theft of American debit and credit cards. Many of the card records are old, and some appear to be from earlier breaches. However, the claims have to be taken seriously, investigators say.
March 31 -
A Senate Commerce Committee hearing Wednesday focused on Target and other organizations could have done to prevent massive breaches and possible legislative steps can be taken to improve data security.
March 26
Diebold is unveiling an anti-skimming card reader designed to prevent criminals from stealing card data from unsuspecting automated teller machine users.
ActivEdge is a technology that, according to Diebold, prevents skimming by requiring users to insert their card via the long edge instead of the traditional short edge. This 90-degree change prevents the current crop of skimming devices from
Diebold is launching ActivEdge to help financial institutions avoid skimming-related fraud losses, which according to the ATM Industry Association totals more than $2 billion annually.
"ActivEdge subtly alters the ATM card user experience, while greatly shifting the balance of power in the fight against ATM crime," said Frank Natoli, Jr., executive vice president and chief innovation officer at Diebold, in a Tuesday press release. "Altering the card orientation has crippling consequences for skimming devices. With ActivEdge, financial institutions will be able to stay ahead of today's sophisticated devices and fraud attacks."
Diebold's patent pending ActivEdge has encrypted communication to the ATM's central processing unit that eliminates the ability to fraudulently capture and track data. Additionally, each reader is paired with a specific ATM, impeding the installation of fraudulent readers.
Meanwhile, to counteract card trapping attacks, ActivEdge features an automatic gate-locking function that prevents fraudsters from freeing trapped cards. The European ATM Security Team reports that card trapping incidents have increased in the continent by 98% from 2,726 attacks in 2012 to 5,394 in 2013.
