Interview with Kim Peretti of Pricewaterhouse Coopers: Are the courts taking a more severe sentencing approach to cybercrimes related to identity theft?
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.
Tommy Sanderson, manager of electronic delivery for Miss.-based Renasant Bank, says when it comes to mobile banking, "We just want to keep on talking about it."
The card skimming epidemic at pay-at-the-pump terminals in Alachua, Fla., has pushed local law enforcement to encourage consumers to pay for their gas with cash.
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.
"Eighteen banks out of the top 40 offered mobile banking last year. And a year later, it's still at 18." - Mark Schwanhausser, Javelin Strategy & Research
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