COVID-19 impact on Non-Cash Payment Fraud

EAST Executive Director Lachlan Gunn presented at a webinar organised by the European Union Agency for Law Enforcement Training (CEPOL) that focussed on the impact of the COVID-19 pandemic on Non-Cash Payment Fraud.  The webinar took place on Thursday 29 October and was attended by over 80 representatives from European Law Enforcement Agencies and Judicial Authorities specialised in electronic payment fraud investigations.

The objective of the webinar was to raise awareness of:

• different trends and typologies of electronic payment frauds (Card Present Fraud and Card Not Present Fraud);
• public-private cooperation and role of the private sector in combatting non-cash payment fraud.

The EAST presentation highlighted the role played by EAST in combatting financial crime, how its public/private sector platforms operate, and the impact of the COVID-19 pandemic.  The key topics covered by EAST were:

• The current European ATM Deployment
• Latest Payment Terminal Fraud Crime Trends
  • H1 2020 Payment Terminal Crime Report
  • ATM Malware & Logical Attacks
  • Card Skimming
• Recovering Fraud Devices at an ATM Fraud Crime Scene (A document produced by EAST EGAF as general advice for industry and law enforcement).