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March 8, 2016

ATM fraud evolves in Europe: EAST

ATM fraud is evolving in Europe with card skimming at ATMs reported by twenty countries, according to the first European Fraud Update for 2016 by the European ATM Security Team (EAST).

By Verdict Staff

ATM fraud is evolving in Europe with card skimming at ATMs reported by twenty countries, according to the first European Fraud Update for 2016 by the European ATM Security Team (EAST).

The report, based on country crime updates by representatives of 19 countries in the Single Euro Payments Area (SEPA) as well as 4 non-SEPA countries, revealed that attacks through throat inlay skimming devices is on the rise and has been reported by three countries.

International losses were reported in 44 countries and territories outside of the SEPA and in 3 within SEPA.

Majority of such losses were reported in the US, Indonesia, and the Philippines.

Skimming attacks on other terminal types were reported by 12 countries, cash trapping attacks by 15 countries, while transaction reversal fraud incidents were reported by 5 countries.

In addition, ATM malware and logical security attacks were reported by 3 countries, ram raids and ATM burglary by 10 countries, and explosive gas attacks were reported by 10 countries.

 

 

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