EAST EPTF holds 15th Meeting in Oslo

The 15th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 19th April 2023 hosted by Tietoevery in Oslo. The hybrid meeting was chaired by Rui Carvalho, EAST Development Director.  Eilif Karl Iversen is leaving the Group after representing Norway for 4 years and is being replaced by Silje Andrea Holm.  In recognition of his contribution Graham Mott, the current Chair of EAST, presented him with a memento.

The meeting was attended by 19 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.  7 people were in the room and there were 12 virtual participants.

Europol and the DCPCU provided the law enforcement perspective, Group-IB gave an update on Investment Scams, and SIBs presented an approach to Fraud Detection.

Presentations were also made by Barclays, Cartes Bancaires, Diebold Nixdorf, ING Bank, LINK Scheme, PAN-Nordic Card Association, PLUSCARD, STMP, Tietoevry, Trend Micro, and VUB a.s.  Social engineering remains the key concern, mobile wallet fraud is a rising issue, and concern was expressed about the possible usage of AI by fraudsters.

EAST EPTF, which meets three times a year, adds value to the payments industry by using the unique and extensive EAST National Member and EAST Global Member platforms, and the Associate Member network, to provide information and outputs that are not currently available elsewhere.  It is a is a specialist group that discusses security issues affecting the payments industry and that gathers, collates, and disseminates related information, trends and general statistics.

EAST National & Global Members represent 34 countries and outputs from the group are presented to EAST Global Congress Meetings.  There are 216 EAST Associate Member Organisations from 52 countries and territories.

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