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CBS Video: FICO Data Shows Spike in ATM Skimming

In this video, CBS This Morning explores the recent spike in ATM skimming fraud, sharing new FICO research that shows instances of ATM card compromises rose 546 percent between 2014 and 2015. During the segment, CBS interviews FICO’s TJ Horan, vice president of fraud solutions, who offers further insight into the data, including how 60 percent of skimming incidents were at ATMs not affiliated with a specific bank.

 

TM Skimming Fraud - Spike GraphicNote: click on graphic above to access CBS video.

 

For more information, read TJ’s blog post News Flash: ATM Fraud in the US Jumps Sixfold, or follow him on Twitter @FraudBird.

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