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70 percent rise in debit cards compromised in U.S.

Staff Writer |
The number of payment cards compromised at U.S. ATMs and merchants monitored by FICO rose 70 percent in 2016.

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The number of hacked card readers at U.S. ATMs, restaurants and merchants rose 30 percent in 2016.

The number of compromises recorded in 2016 set a new high for the FICO Card Alert Service, which monitors hundreds of thousands of ATMs and other readers in the U.S.

This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. As in 2015, the most compromises occurred at non-bank ATMs, such as those in convenience stores.

About 60 percent of compromises were at non-bank ATMs, with the rest occurring at bank ATMs or point-of-sale (POS) devices, such as card payment machines at retailers.

These figures cover only card fraud occurring at physical devices, not online card fraud.

The average duration of a compromise continued to fall — on average, an ATM or POS device would be compromised for 11 days, compared to 14 days in 2015.

The 2016 average duration is less than a third of the average duration in 2014, 36 days. The average number of cards affected by a single compromise was cut in half.

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