EGAF

The 21st Meeting of the EAST Expert Group on All Terminal Fraud (EGAF) took place on Wednesday 16th September 2020.  Due to the Covid-19 situation, it was conducted as a virtual meeting and was chaired by Otto de Jong of ING Bank.

The meeting was attended by 28 key representatives from Terminal Deployers, Terminal Vendors, Networks, Card Schemes, Security Equipment and Software Vendors, Law Enforcement and Forensic Analysts.

EAST EGAF, which meets three times a year in advance of each of the meetings of EAST National Members, enables in-depth and technical discussion to take place on Logical and Malware attacks, Card Skimming, Card Trapping, Cash Trapping and Transaction Reversal Fraud (TRF).

Presentations were made by Europol, INTERPOL, Damage Control, Diebold Nixdorf, Group-IB, KAL, Mastercard and NCR.

Experts from the following organisations also contributed to the meeting:  Bits A/S, Cardtronics, Cennox,  Dutch Payments Association, Fiducia & GAD, GMV, NatWest Group, TietoEVRY, TMD Security, TrendMicro.

An increasing number of TRF incidents are being reported and, to help mitigate the risk, EAST EGAF has produced a general Security Alert about the threat, which was ratified by the meeting.

In addition EAST EGAF generates EAST Fraud Alerts for all EAST Members (National, Global and Associate). In total 247 EAST Fraud Alerts have been issued, 22 to date in 2020. Since 2013 there have been 15 Fraud Alerts issued relating to TRF.