Positive Technologies released a new report, Bank Attacks 2018, detailing that banks have built up formidable barriers to prevent external attacks, yet fall short in defending against internal attackers.

Infamous bank robber Slick Willie Sutton is said to have said that he robbed banks “because that’s where the money is.”

Concerns about cybersecurity are overtaking those about physical security in the banking sector, although perhaps most front-burner have been issues that cross over into both realms.

Colombian digital bank Nequi plans to offer account access completely through a user’s mobile device by using biometric authentication. 

First Tech Federal Credit Union announced a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics. 

The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.

A fake ATM was found behind a real one in a Bank of Brazil branch in Curitiba, Brazil.

Nearly half of financial frauds being uncovered involve criminals trying to use someone else’s stolen personal details, Experian warns. The credit checking company says that identity theft is a “significant and rising threat,” accounting for 46 percent of financial frauds detected this year – that’s almost double the rate of cases seen in 2012 (27 percent).

Security forces in Libya are searching for heavily armed men who seized a truck carrying more than $50 million in cash in the city of Sirte, according to the state news agency LANA.