More Debit Cards Compromised in 2017 - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » More Debit Cards Compromised in 2017

More Debit Cards Compromised in 2017

More Debit Cards Compromised in 2017
Tags: , , ...
The content is accurate at the time of publication and is subject to change.

Last year there was a 10 percent upswing in compromised debit cards in the United States, according to FICO, the Silicon Valley analytic software firm. They also reported that there was an 8 percent increase in debit card compromises at both ATMs and retail devices.

This data is just for card fraud happening in real time at physical devices and does not apply to online card fraud. “The number of compromises and the number of card members impacted set a new record last year,” said TJ Horan, vice president of fraud solutions at FICO.

“While most devices are safe, fraudsters are developing new technology and methods for hacking ATMs. This is why it’s important for consumers to be cautious when withdrawing cash, and also for them to check their account regularly and confirm that all the transactions on their debit card are legitimate,” he added.

FICO’s information was compiled from their card alert service, providing monitoring to a wide range of ATMs, as well as other readers across the US.

Tips for safeguarding debit cards

FICO has come up with some tips to help consumers keep their data safe. If you at the ATM and it look’s different, or your card has trouble sliding into the card reader, they suggest moving on to a different location. It’s better to be safe than sorry. Also, if anyone is lurking nearby, take a pass on that location, too.

If you’re at an ATM and your card gets stuck, give your bank a call ASAP. Why? While it may seem like the machine ate it, a thief may fish it out later. The ATM may have been set up to look like it’s having a technical issue, but it might actually be a trick to get your card data.

If you believe your debit card has been compromised, contact your provider right away and ask for a new card. Anytime you think there may have been an issue, it’s important to get a new card and password.
FICO also suggests keeping track of your transactions. That way you can alert your issuer as soon as a problem occurs. The earlier issues are caught, the better.
Last but not least, make sure your bank has your cell phone number and your address so they can contact you immediately if there is an issue.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Debit Card Lets Teens Use Apple Play
Debit Card Lets Teens Use Apple Play

Posted: January 08, 2018

Current, a financial technology company with an eye on providing teens and parents with payment options, has added a new feature to their debit card, as well as their smartphone app – cardholders can now use their cards and app with Apple… Continue reading

Earning Cash Back with the Discover Debit Card
Earning Cash Back with the Discover Debit Card

Posted: February 26, 2018

Discover is rolling out a new rewards program letting people earn 1% cash back with their Discover debit card when they have a Cashback Checking account. With its launch, cardholders can now earn cash back on up to $3,000 in purchases… Continue reading

Best North America Airports for 2019
Best North America Airports for 2019

Posted: October 10, 2019

The overall satisfaction with North American airports has risen only one point since 2018.
The J.D. Power 2019 North America Airport Satisfaction Study℠ was carried out from October 2018 through September 2019 among airports in the United… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
For Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!