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View Full Version : Cyber fraud: Banks shouldn't be able to get away with it - Economic Times



FraudNews
10-24-2016, 09:45 AM
Cyber fraud: Banks shouldn't be able to get away with it (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHJs-AO4bdAyEeZhM4WTvNYtzdQFA&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=L9gNWLiIBZbE3QHHoKugCQ&url=http://economictimes.indiatimes.com/industry/banking/finance/banking/cyber-fraud-banks-shouldnt-be-able-to-get-away-with-it/articleshow/55025685.cms)
Economic Times
As a bank insider told me, ATM fraud and online fraud generally don't mix. To a payment network that is transporting information between ATMs or point-of-sales machines and the bank's backend, only the card number and PIN are exposed, but not the CVV ...

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[url=http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHJs-AO4bdAyEeZhM4WTvNYtzdQFA&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=L9gNWLiIBZbE3QHHoKugCQ&url=http://economictimes.indiatimes.com/industry/banking/finance/banking/cyber-fraud-banks-shouldnt-be-able-to-get-away-with-it/articleshow/55025685.cms]More... (http://news.google.co.za/news/more?ncl=dehwVsI2GKnLI2M&authuser=0&ned=en_za)