3rd EAST FCS Forum – the most successful yet!

EAST FCS ForumThe sun has set on another successful EAST Financial Crime & Security (FCS) Forum which was held for the second time at the Grand Hotel Amrâth Kurhaus, in Scheveningen, The Hague. Feedback from delegates has been hugely positive.  This year marked a new format which included plenary sessions covering expert information from global regions: Asia-Pacific (ASEAN), Latin America, USA, Russia and Europe. 19 expert speakers travelled from 14 countries around the world to share their knowledge of ATM crime prevention.

In addition an afternoon of breakout sessions was held covering topics related to ATM and payment terminal fraud, and to ATM physical attacks.

Networking opportunities were abundant – a welcome cocktail the evening before the event, ensured all delegates were comfortable to kick off the Forum having met with their peers in a relaxed environment. Exhibitors enjoyed increased traffic through the exhibition hall, giving demos to attendees during coffee breaks, lunch and demonstration sessions.

 

Day One of the EAST FCS Forum opened with keynote speaker Steven Wilson, Head of the Europol Cyber Crime Centre (EC3) who spoke about the multi-faceted approach to countering cybercrime and the success of public private partnerships, especially the cooperation between EC3, non-EU States and EAST members.

Lachlan Gunn, Executive Director EAST, provided relevant statistics from the EAST European ATM Crime Report. He also announced a name change for EAST which is now the European Association for Secure Transactions. A milestone for EAST which has mainly focused on issues facing the ATM industry thus far, but which will now look at all threats against payment terminals (ATM, SST and POS), as well the security of payments and transactions.

Lachlan was followed by presenters from ASEANAPOL, the US Secret Service, the Russian Mastercard Members Association, and from the Latin American Association of Operators Electronic Funds Transfer and Information Services (ATEFI), who all gave the audience the most current information on activity in their regions.

In the afternoon breakout sessions Otto de Jong, EAST EGAF Chair, led discussions which covered R&D by fraudsters on EMV and old school ATM Fraud, and Graham Mott, EAST EGAP Chair, facilitated discussions on banknote degradation, physical attack types and countermeasures and traditional attacks.

The day closed out nicely with a BBQ by the beach!

Day Two kicked off with Group-IB providing an overview on the evolution of logical attacks on financial institutions. This was followed by a case study on Black Box attacks from NCR Czech Republic and an update from ING Netherlands on the evolution of gas and solid explosive attacks. There was a case study on countering such explosive attacks from the UK’s West Midlands Regional Organised Crime Unit, and the final talk of the day came from Rui Carvalho, Development Director EAST, who is building the EAST Payments Task Force and provided an overview on current and future activities for EAST.

In her closing address, conference Chairman Úna Dillon, Development Director of EAST, summarised the two-day conference by noting the importance of cross-border public-private sector cooperation in the fight against financial crime – stressing the need for private sector industry stakeholders to collaborate with law-enforcement agencies. She added that whilst EAST delivered the conference, the people charged with building the event are also deeply involved in the collaborative work already going on. Their ‘on-the-ground’ involvement means the EAST FCS Forum agenda will always be relevant and current.

This 3rd EAST FCS Forum has proven to be a successful platform in bringing together the perfect mix of banking representatives, security experts, law enforcement, payments associations, government agencies and many other stakeholders in the ATM and payment crime prevention sector  –  the dialogue and learning from  across Europe, the USA, Latin America, Russia and Asia-Pacific will no doubt help all participants to better detect and prevent current and future financial crime threats.

The event could not have taken place without the support of sponsors, exhibitors, speakers and delegates. EAST hugely appreciates the participation of all who took part and thanks everyone for their contribution to making the event a success.

Overall sponsor of the EAST FCS Forum 2017 was 3SI Security Systems.

Other sponsors and exhibitors included, the ATM Security Association, ACG, BVK, GMV, MIB, Startech Ltd. and TMD Security.

27 arrested in connection with ATM Black Box attacks

ATM Black Box attackEuropol has announced that 27 arrests have been made across Europe in connection with ATM Black Box attacks.  This success is due to actions taken by a number of EU Member States and Norway, supported by Europol’s European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT).  The arrests were made in the Czech Republic, Estonia, France, the Netherlands, Romania, Spain and Norway.  Most of the arrests took place in 2016 and 2017 with the most recent in Spain this month.  The criminals involved with ATM Black Box attacks mainly originate from Romania, Moldova, Russia and Ukraine.

Since ATM Black Box attacks first started in Western Europe EAST has produced 19 Black Box related ATM Fraud Alerts from the following countries:  Cyprus, Czech Republic, France, Greece, Ireland, Italy, the Netherlands, Norway, Romania, Russia, Spain, Turkey, Ukraine, the United Kingdom.  These Alerts are available to EAST members and to Law Enforcement.  To date 142 Alerts have been issued. In a recently published European ATM Crime Report covering 2016, EAST reported a 287% increase in ATM Black Box attacks, up from 15 attacks in 2015 to 58 attacks in 2016.  EAST works closely with Europol and other law enforcement agencies to help counter financial crime.

Read the full announcement from Europol here.

An ATM Black Box case study from the Czech Republic will be presented at EAST’s 3rd Global Financial Crime and Security (FCS) Forum on 9th June 2017 following on from a presentation by Group-IB on the Evolution of Logical Attacks on Financial Institutions. Steven Wilson, Head of Europol’s European Cybercrime Centre, will give the Keynote Address.  The event will be held in the Netherlands at the Grand Hotel Amrâth Kurhaus (see below) in Scheveningen, the popular seaside resort which is located in The Hague.  Book soon to ensure you don’t miss this great opportunity to attend what has been described as an “excellent event for helping to make a difference in the area of financial crime prevention”.

Head of EC3 will give Keynote Address at EAST FCS 2017

Steven Wilson, Head of Europol’s European Cybercrime Centre (EC3) will give the keynote address at the EAST Financial Crime and Security Forum (EAST FCS 2017) which will be held in The Hague on 8th/9th June 2017.

Europol set up EC3 in 2013 to strengthen the law enforcement response to cybercrime in the EU and thus to help protect European citizens, businesses and governments from online crime.

Cybercrime is a wide and varied problem and the EC3 is a key part of Europol’s, and the EU’s, response.  EC3 takes a three-pronged approach to the fight against cybercrime: forensics, strategy and operations.

EC3 recognises the severity of the threat presented by ATM logical and malware attacks and has prepared security guidelines regarding this new cyber threat to ATMs.  The production of this document was coordinated by the EAST Expert Group on ATM Fraud (EGAF), and is the first of its kind.  Versions are now available in English, German, Italian and Spanish.

Europol is actively developing international cooperation on combating payment fraud, which is one of the EU priorities within the EU Policy Cycle 2014-2017 for organised crime and serious international crime as endorsed by the Council of the EU.  As part of this EC3 has consistently undertaken a proactive approach, assisting EU law enforcement authorities (LEAs) to combat payment card fraud.  On 13th / 14th December 2016, EC3, together with ASEANAPOL and INTERPOL, and with the support of the Romanian National Police and the Royal Thai Police, organised the Third Strategic Meeting on Payment Card Fraud (PCF) in Bangkok Thailand.

Speaker Spotlight

Steven Wilson - EAST FCS 2017

In January 2016 Steven Wilson became the Head of EC3.

Prior to that he served for 30 years with Police Scotland, which included roles with Strathclyde Police, Scottish Crime and Drug Enforcement Agency and Her Majesty’s Inspectorate of Constabulary.  He has worked in a wide range of Senior Detective roles including major investigations, counter terrorism, covert policing, management of sex offenders, fugitives and witness protection.  He had responsibility for all aspects of cyber and cyber enabled crime in Scotland and sat on government, industry and academic groups.  He also represented Scotland on UK national and European cyber groups.

Book soon to ensure you don’t miss your opportunity to attend the event. Places are limited and registration priority will be given to EAST Members, National and Associate.  The early-bird registration discount will expire on Monday 16th January 2017.