Debit card fraud rising – Is your credit union ready?

Debit card fraud is on the rise

November 9, 2017 by Social Stairway

A growing number of debit cards are being compromised at ATMs and at merchants these days, analytics and data science expert FICO reports.

In fact, the number of cards compromised at U.S. ATMs and merchants rose 39 percent in the first six months of 2017, compared to the same period in 2016.

FICO has also tracked a 21 percent increase in compromises of ATMs and point-of-sale (POS) devicesin the US in the first six months of 2017, compared to the same period in 2016.