Card Fraud: ‘Flash Attacks’ and Wireless Transmissions
CU Info Security interviewed Avivah Litan at Gartner Research on emerging card schemes such as “flash attacks.” He said, “The emergence of so-called “flash attacks,” which rely on coordinated, often international, efforts to simultaneously withdraw funds from multiple ATMs using fake cards created from copied card details, is likely just the beginning. These attacks are problematic, because they evade most of the controls banks have put in place to detect fraud.”
