There have been roughly 40 incidents of skimming or POS attacks reported so far in 2010. They range from tried-and-true ATM skimming to insider crimes and the troubling new trend of pay-at-the-pump thefts.
The move by Bonneville Bancorp to block signature-based debit transactions in California, Georgia and Florida shows that banking institutions have recourses to pursue in their fight against card fraud.
A working group created by the Financial Services Information Sharing and Analysis Center is honed in on developing best practices for institutions and their customers to help fight corporate account takeover.
While deposit fraud at the ATM has remained stable for the last three to four years, the ability for fraudsters to commit these crimes is significantly reduced when ATMs move to imaged or automated-deposit platforms.