ATM Malware reaches Western Europe

In a European ATM Crime Report covering H1 2014 (January to June) the European ATM Security Team (EAST) reported an estimated 20 incidents of ATM Malware. These were ‘cash out’ or ‘jackpotting’ attacks and all occurred on the same ATM type from a single ATM deployer in one country. While many ATM Malware attacks have been seen over the past few years in Russia, Ukraine and parts of Latin America, this is the first time that such attacks have been reported in Western Europe.

Card skimming at European ATMs hits a six year low - but explosive attacks are rising

The European ATM Security Team (EAST) has reported another fall in ATM related card skimming incidents, while card trapping incidents and ATM explosive attacks continue to rise.  A summary of the statistics can be seen in the image below.

EAST Publishes European Fraud Update 3-2013

The European ATM Security Team (EAST) has just published its third European Fraud Update for 2013. This is based on country crime updates given by representatives of 19 countries in the Single Euro Payments Area (SEPA), and 3 non-SEPA countries, at the 31st EAST meeting held at Equens SE in Utrecht on 9th October 2013.

Skimming at ATMs was reported by 20 countries, with increases reported by 8 countries and decreases by 6 countries. The usage of fake ATMs for card and PIN compromise has been reported, the first time such a method has been seen by an EAST National Member, and skimming devices placed on ATMs with dip readers appear to be becoming more prevalent.

ATM related skimming losses rise again - mainly outside Europe

The European ATM Security Team (EAST) has reported a 15% increase in ATM related skimming losses, despite a 13% fall in skimming incidents.  Most of these losses are taking place outside Europe in countries where the EMV (Chip and PIN) liability shift has not yet been adopted, or where the roll out of EMV compliant ATMs has not yet been completed.  That being said, skimming incidents now make up just 35% of all reported ATM related fraud attacks, with the remainder being due to low-tech attacks such as cash trapping, card trapping and transaction reversal fraud (TRF).  Losses due to the low-tech attacks are very low: losses of just €3 million were reported, compared to skimming related losses of €128 million.

 

To download the full press release visit the EAST Website.