EAST publishes European Fraud Update 2-2016

EAST - EUROPEAN FRAUD UPDATE 2 - 2016EAST has just published its second European Fraud Update for 2016. This is based on country crime updates given by representatives of 17 countries in the Single Euro Payments Area (SEPA), and 6 non-SEPA countries, at the 39th EAST meeting held at Europol in The Hague on 8th June 2016.

Card skimming at ATMs was reported by eighteen countries.  An emerging trend is the usage of M3 – Card Reader Internal Skimming devices.  This type of device is placed at various locations inside the motorised card reader behind the shutter.  Five countries reported such attacks.

The trend of losses due to skimming occurring outside of EMV Chip liability shift areas continues.  International losses were reported in 52 countries and territories outside of the Single Euro Payments Area (SEPA) and in 9 within SEPA.  The top three locations where such losses were reported are the USA, Indonesia and Jamaica.

Skimming attacks on other terminal types were reported by nine countries and eight countries reported such attacks on unattended payment terminals (UPTs) at petrol stations.

ATM malware and logical security attacks were reported by five countries – three of them reported the successful usage of ‘black-box’ devices to allow the unauthorised dispensing of cash.  To help counter such attacks the Europol document ‘Guidance and Recommendations regarding Logical attacks on ATMs’ is now available in three languages: English, German and Spanish.

Ram raids and ATM burglary were reported by ten countries and eight countries reported explosive gas attacks.  The use of solid explosives continues to increase and five countries reported such attacks.

For the first time this European Fraud Update also includes information on Payment Fraud, with nine countries reporting related issues.  Three of them reported data leakage from hotel booking sites and one country reported contactless card fraud.

The full Fraud Update is available to EAST Members (National and Associate) and Subscribers.

EAST Presents at Latin American Security Forum

Una ATEFI 2Úna Dillon, EAST Development Director, presented the latest European Fraud Report to the first Annual Latin American Forum on Security in Payment Systems, held on 18th / 19th November 2015 in Asuncion, Paraguay.

The event was co-founded by ATEFI and Liquid Nexxus in order to raise awareness of payment-related crime in Latin America.

ATEFI is the Latin American Association of Operators Electronic Funds Transfer and Information Services and represents 20 ATM networks in 14 countries throughout Latin America.

Oscar Castellano, Executive Director of ATEFI (and pictured with Úna), opened the two-day event with an overview of fraud trends in Latin America, based on data provided by ATEFI members.

Relevant industry players representing POS and ATM networks joined representatives from banks, regulators, law enforcement and service providers in Latin America, with a focus on fraud trends and networking, to help improve coordination in the fight against payment fraud in Latin America.

Speakers at the Forum included Robert Villanueva – United States Secret Service, Vanderlei Reis de Oliveira – Executive Manager of Banking Technology Security at Tecban, Antonio Cerezo – Director of Cyber Crime Investigations at American Express (Argentina), Leonardo Escobar- ACI Worldwide, and many others.

The EAST presentation, which covered the latest ATM Fraud Trends in Europe (Period H1 2015), was well received with a significant number of delegates approaching Úna Dillon during and after the event to discuss Associate Membership of EAST. In his closing remarks Oscar Castellano asked that EAST continue to develop its close relationship with ATEFI, to help the global fight against ATM related crime.