SAN JOSE—The number of compromised debit cards surged in 2016, a new report reveals.
The FICO Card Alert Service reported that 70% more debit cards had their security compromised at U.S. merchant card readers and ATMs in 2016 than in 2015, according to Retail Drive.
FICO data also showed that compromises of ATMs and merchant devices in the U.S. rose 30%, following a six-fold increase in 2015. The average duration of a compromise fell from 14 days in 2015 to 11.
“FICO said compromises occurred most often at non-bank ATMs, such as those in convenience stores. About 60% of compromises were at non-bank ATMs, with the rest occurring at bank ATMs or point-of-sale devices, such as card payment machines at retailers,” Retail Drive stated.
The fraud figures cover only card fraud occurring at physical devices, not online card fraud.