In the days of the cold war, we were all spectators to an arms race but with the end of the cold war, we rarely use this expression. However, events of the last couple of months have made us realize that indeed, the race is on, yet again … This week I participated in the half-yearly sales meeting of Integrated Research, the company who brings you the much-deployed Prognosis monitoring solution. When it came time to sit down with the account teams responsible for NonStop systems and Payments platforms, the topic of fraud (and its detection and neutralization) wasn’t far from their minds – routinely through the day, we made references to the most recent attack on Target, affecting almost one in five Americans. In the introduction to the post Cruising to EMV eventuality? to ATMmarketplace on May 17, 2013, I wrote of a trip only a few years before to St Petersburg, Russia. Back then, the topic of the day was the ATM attack that pilfered some US $40 million from unsuspecting banks,
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