EAST EPTF holds 17th Meeting in Edinburgh

The 17th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 8th November 2023 in Edinburgh. The hybrid meeting was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 20 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.  8 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 a Fraud Matrix that looks at the main types of fraud (detections and mitigations), and presentations were also made by BankID, Cartes Bancaires, Diebold NixdorfING Bank, PAN-Nordic Card AssociationPLUSCARD, Santander, SIBs, Tietoevry, Visa, and VUB a.s.  Social engineering remains the key concern and discussion took place on Quishing (QR code based phishing), an emerging threat.  In the offline session there was some detailed discussion on SEO poisoning and the challenges of instant payments.

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 213 EAST Associate Member Organisations from 51 countries and territories.

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