IPSO renews its appeal to cardholders to keep PINs secure

24th June – The crime of card skimming at ATMs has reared its ugly head again, with a number of Eastern European criminal gangs becoming active in the past couple of months, for the first time since early 2009.

Amounts of up to €60k have been absorbed by individual banks already this year due to the reappearance of this crime. While the majority of ATMs in Ireland now ...

IPSO Card Services holds Fraud Prevention Members' Seminar

The IPSO Card Services Fraud Prevention Members' Seminar drew speakers from a range of industry backgrounds providing insight on enterprise fraud and recent fraud trends while focusing on e-crime prevention. The seminar attracted a record attendance level and feedback to date has been very positive.

In 2009 the total value of fraud lost to the retail banking industry is estimated to have cost approximately €16.7million. Chip & PIN continues ...

The BBC ran a programme in April in which individuals from the University of Cambridge claimed that Chip & PIN is broken. It is our opinion that the complex method shown by individuals from the University would not be practical in reality in Ireland.

Similar claims were issued by the Cambridge team just prior to the roll out of Chip & PIN in 2004 in which it claimed that Chip & PIN would not work. This ...

A number of instances of the e-mail scam called "Phishing" have been reported in recent days. Phishing is the practice of sending bogus e-mails which appear to come from major banks or corporations and carry links to bogus replica websites. The object of the scam is to lure consumers into parting with personal information such as bank account or credit card details under the pretence that the consumer is dealing with a reputable company. Account ...