National & Global Fraud Intelligence – 8th EAST Global Congress
The 8th EAST Global Congress took place on Wednesday 9th October 2024 as a hybrid meeting, with some delegates participating online. 8 people were in the room and 16 people attended virtually.
The meeting was held in Edinburgh, hosted by the LINK Scheme, and chaired by Veronica Borgogna from Worldline.
The key focus of the 8th Global Congress was on the sharing of payment and terminal fraud intelligence (global, regional, national).
Law enforcement overviews were provided by Europol, the Gulf Cooperation Council Police, and the US Secret Service. INTERPOL was in attendance. Private sector fraud intelligence updates were received from 22 countries, either directly or via regional/global updates by BNP Paribas, HSBC, and Worldline. Regional updates were also provided for EMEA and the GCC. Each update covered Fraud Types, Fraud Origin, Due Diligence and Physical Attacks (ATM, ATS and CIT).
Discussion focussed on Access Control Server (ACS) attacks, Authorised Push Payment (APP) fraud, Relay attacks, Social Engineering, 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 3-2024 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 9th EAST Global Congress, scheduled for 12th February 2025, will also be held as a Hybrid Meeting.
