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Why ATMs Are About to Get More Secure

| Blog, Technology, Service Design and Delivery, The Future | No Comments

Credit card fraud cost the U.S. retail industry $32 billion in 2014. One of the easiest ways for a scam artist to gain access to credit card information is a “skimmer,” a small device illegally installed on an ATM. Now several banks are going for a technical fix: cardless ATMs. Anindya Ghose, the foremost authority on mobile economics and author of the groundbreaking “Tap: Unlocking the Mobile Economy” (MIT Press, April 2017), details the ways these new mobile-phone-based systems will make retail banking more secure.

New to Stern

Amy Webb

Amy Webb

Amy Webb is a futurist and the bestselling author of “The Signals Are Talking” and “Data, a Love Story,” as well as the founder of the Future Today Institute.

Meet Amy

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Moscow Thanks You for Sharing Its Cute Cat Pics

By Amy Webb

We didn’t plan ahead as the internet matured. That’s what makes the proliferation of fake news so acute right now, and why there is no easy way to stop the threat it poses to our nation.

These days it is code, not human arbiters of facts, that dictates what most of us read and watch online. If it seems like you see nothing but Trump headlines, that’s because an algorithm decided you were likely to click, read, and share those stories—and then, right on cue, you did. Algorithms aren’t partisan. They’re designed to execute commands.

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