In Russia and the Ukraine, devious criminals have discovered a way to get ATMs to print out a list of all the debit cards used recently in the machine, including start and expiry dates and the PIN associated with the card. This information can then be used to clone debit cards by the gangs.

Previously, the big ATM fraud was to use a fake ATM fascia. This fascia would contain a card reader to skim the card details, and a pinhole camera to capture the user’s PIN. Banks have invested heavily in anti-skimming technology and can now detect fake overlays and disable the ATM accordingly. In 2008, it is estimated by the European ATM Security Team (EAST) that ATM fraud grew by 11 percent to 484 million Euro.  Read more... (576 words, estimated 2:18 mins reading time)

Many people now use their mobile phones to surf the internet therefore it is unsurprising that banks and building societies are now offering mobile phone services to complement customers’ bank accounts. However with many people worried about identity theft, just how safe are these mobile banking services?

MoneyTowers.com takes a look at the different mobile phone banking services on offer and explains how much risk is associated with each one.  Read more... (541 words, estimated 2:10 mins reading time)