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 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.

EAST EPTF holds 16th Meeting

The 16th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 5th July 2023.  It was conducted as a virtual meeting and was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 17 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.

Europol and the DCPCU provided the law enforcement perspective and presentations were also made by Barclays, Cartes Bancaires, Diebold Nixdorf, Group-IB, ING Bank, Mastercard, PAN-Nordic Card Association, Payment Services Austria (PSA), PLUSCARD, SIBs, STMP, and Tietoevry.  Social engineering remains the key concern and in-depth discussions took place on methods of detecting and preventing fraud, impersonation fraud, 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.

EAST EPTF holds 14th Meeting

The 14th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 9th November 2022.  It was conducted as a virtual meeting and was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 14 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.

Europol and provided the law enforcement perspective, and presentations were also made by Cartes Bancaires, Diebold NixdorfDutch Banking Association, Group-IB, PAN-Nordic Card AssociationPayment Services Austra (PSA), PLUSCARD, SIBs, TietoEVRY and Worldline.  Social engineering remains a key concern, as does Card Not Present (CNP) fraud outside Europe.  Contactless fraud is a rising issue, as is mobile wallet fraud.

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.

EAST EPTF holds 13th Meeting

The 13th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 29th June 2022.  It was conducted as a virtual meeting and was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 13 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.

Europol and the DCPCU provided the law enforcement perspective, and presentations were also made by Cartes Bancaires, Diebold NixdorfHSBCPAN-Nordic Card Association, Payment Services Austra (PSA), SIBsSTMP, TietoEVRY and Trend Micro.  Social engineering linked to authorised push payment (APP) or impersonation fraud is a key area of concern, as is ransomware.

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 35 countries and outputs from the group are presented to EAST Global Congress Meetings.  There are 212 EAST Associate Member Organisations from 52 countries and territories.