National & Global Fraud Intelligence – 6th EAST Global Congress
The 6th EAST Global Congress took place on Wednesday 7th February 2024 as a hybrid meeting, with some delegates participating online. The meeting was held in Frankfurt, hosted by EURO Kartensysteme GmbH, and chaired by Thomas Von der Gathen.
The meeting also marked the 20th Anniversary of EAST, a significant milestone which was also celebrated in a dinner attended by the delegates. The first EAST meeting was held in Brussels in February 2004 and the 6th Global Congress is the seventy second meeting of EAST National Members.
The milestone was also marked by the presentation of an EAST Award by Thomas to Graham Mott in recognition of Graham’s many years of support to EAST as a Board Director and the UK national representative, and also of his work in founding and chairing EAST EGAP, launched in 2014, and which held its 20th Meeting on 6th September 2023.
The key focus of the 6th Global Congress was on the sharing of payment and terminal fraud intelligence (global, regional, national).
A law enforcement overview was provided by Europol and private sector fraud intelligence updates were received from 26 countries, either directly or via regional/global updates by BNP Paribas, HSBC, and Worldline. Regional updates were also provided for ASP and MENA. Each update covered Fraud Types, Fraud Origin, Due Diligence and Physical Attacks (ATM, ATS and CIT).
Discussion focussed on Relay attacks, BIN attacks, ACS attacks, Social Engineering, Impersonation fraud, Authorised Push Payment (APP) fraud and physical attacks against ATMs and other terminals.
Updates from the three EAST Expert Groups were given:
- EAST Expert Group on All Terminal Fraud (EGAF)
- EAST Expert Group on ATM and ATS Physical Attacks (EGAP)
- EAST Expert Group on Payment and Transaction Fraud (EPTF)
EAST Fraud Update 1-2024 will be produced early next month, based on the country updates provided at the EAST Global Congress. EAST Fraud, Payment, and Physical Attack Alerts are available on the EAST Intranet to EAST Members.
The 7th EAST Global Congress, scheduled for 12th June 2024, will also be held as a Hybrid Meeting.
