Back in April, our team attended the ATMIA Canada Conference 2022, which focused on what is next for the industry, current trends in cash use, and ATM security. At one of the sessions, the ATM Security Association (ASA) presented their new Crisis & Crime Management Intelligence System – the industry’s first global-scale ATM crime database and intelligence management system for analysis of crime trends.
A San Francisco-based bank recently disclosed the results of a payment fraud investigation that uncovered ATM skimming attempts at the bank’s terminals across the United States. Fraudsters installed ATM skimming devices in several branches and used them to skim customer account information. The bank was understandably concerned that the stolen data would be used to create fake debit cards and attempt cash withdrawals.
A medical lab scientist landed in Johannesburg on Saturday, February 5th, for his two-week assignment. Soon after landing, family and friends called him to say that some people were calling and texting them, looking for him. Those people were hackers, who had got hold of his contacts. The scientist didn’t pay much attention to it, but two days later he received a message from his telecom company that they had received a SIM card swap request from him, which he, of course, never made.
This blog is a part of our new series 5 Strategies for Building Resilience to Financial Crimes and Cyber Attacks in 2022. Access to the right data at the right time is the foundation of an efficient payment fraud prevention strategy. At INETCO, we like to say that not all insights are created equal: if you are missing some key pieces of the puzzle you won’t get a clear picture of the threat landscape.
Imagine, you are in the middle of a heated battle and are almost ready to claim the victory over your virtual opponent when you see a note on the screen: “We are experiencing a DDoS attack which may result in disconnections for some players.” Now?
Vancouver, Canada – June 16, 2022 – INETCO Systems Limited, a leader in real-time payment monitoring and fraud prevention, announced today that RedAbierta, a leading fintech company with offices in Honduras, Nicaragua, Guatemala, and El Salvador, has selected INETCO BullzAI® to ensure the integrity of its payment channels.
2022 has brought in tighter cybersecurity restrictions and privacy regulations around the world. With the escalation of cyber threats due to the accelerated digital transformation and the Russian invasion of Ukraine, governments globally have made decisions to step up their cybersecurity defense and introduce new measures to protect businesses or national security.
