The use of malware for ATM ‘cash out’ or ‘jackpotting’ attacks appears to be on the increase globally. In a European ATM Crime Report covering the full year 2014, EAST reported 51 such incidents, with related losses of €1.23 million. EAST defines such attacks as ‘Malware that takes control of the ATM cash dispense function, thereby allowing the criminals to take out cash’.
At EAST FCS 2015 Olesya Danylchenko, Deputy Director of the Ukrainian Interbank Payment Systems Members Association (ЕМА), will highlight payment fraud issues identified in Ukraine and neighbouring countries, trends in skimming and recent developments in Jackpotting attacks.
About Olesya Danylchenko
Olesya is Head of Payment Instruments and Credits Security Forum and administrator of the interbank anti-fraud exchange-online system at EMA.
Prior to joining EMA, she was Head of the Payment Cards Security Department of the Banking Security Department at PJC Ukrsotsbank (Member of Unicredit Group) for 10 years. She was a Software Engineer and fraud monitoring system manager at the Interbank Processing Center Topaz, National Bank of Ukraine.
Book soon to ensure you don’t miss your opportunity to attend the EAST Financial Crime and Security (FCS) Forum 2015. Places are limited and registration priority will be given to EAST Members, National and Associate