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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Once a customer has used a compromised card reader, the fraudster can download or wirelessly transfer the card details and the video of the PIN being typed, giving them complete access to the account. We do that by monitoring and reporting on compromised ATM and debit locations in the U.S., through FICO’s Card Alert Service.

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EMVCo Launches 3DS Test Platform

PYMNTS

With eCommerce use cases expanding worldwide and new technologies emerging, EMV 3DS provides a consistent, global solution to authenticate users and deliver industry-leading security and performance, without compromising user experience,” commented Jack Pan, EMVCo executive committee chair at the time.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie has 25 years product management and product marketing experience in fraud management and financial services.

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service.

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Real-Time Payments Survey Reveals Growth in Usage - and Scams

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service.