So you want to rob a bank; not saying you should, but... the “best” day is Friday, and the best time is between 9 and 11 a.m. So set your cellphone to an early wake-up call. Concentrate on a branch in a commercial section of the city. Go up to the teller counter and say your threat or hand over a note. Avoid an act of violence; only three percent of incidents of robbery, burglaries and larcenies resulted in violence in 2014. By the way, vastly more perpetrators are killed in a bank robbery compared to customers or employees.
What could this mean for the banking and finance industry?
April 1, 2014
A recent study shows that 95 percent of American bank ATMs still run on Windows XP, but Windows is discontinuing support (including security updates) of the XP operating system as of April 8, 2014.
To minimize risk, two-factor authentication has become a necessity and is now generally being adopted. Two-factor authentication is the combination of two out of the three possible methods (something you know, something you have, something you are).
An alleged international gang of cyber thieves managed to steal $45 million from thousands of ATMs in carefully coordinated attacks conducted in a matter of hours.
Nearly half (46 percent) of all card skimming reported by the FICO Card Alert Services occurred at bank-owned ATMs in 2012 – a vast jump over 2011, when 79 percent of skimming occurred at point-of-sale terminals.
Pay-at-the-pump card skimming attacks are a growing concern. Despite press coverage and education efforts, skimming incidents continue unabated, according to BankInfoSecurity.com.
After numerous robberies of convenience stores, some tragically ending in the murder of staff or customers, a number of states enacted legislation to encourage store owners to institute security measures.
