Wednesday, 16 November 2011

Cash trapping continues in Europe, while skimming attacks decrease

The European ATM Security Team (EAST) has just published another Fraud Update (3/2011). According to this most of the reporting countries continue to see an increase in cash trapping incidents, a trend reported by EAST in its European ATM Crime Report covering the period January to June 2011, something that I covered in a related post last month, which also gives some background information on the crime.

Attacks are most prevalent against one type of ATM and upgrades to its cash dispenser are still being reported as 100% effective in preventing such attacks.  The upgrade is visible, however, and this has led to displacement with attacks shifting to ATMs that have not been upgraded.

The surge in cash trapping incidents appears to mirror a decrease in ATM related card skimming incidents, with most countries reporting falls. Linked to this the trend of the majority of skimming related losses occurring outside of EMV liability shift areas continues; from January to September 2011 such losses were reported in 47 countries outside of the Single Euro Payments Area (SEPA) and in 12 countries within SEPA. The USA remains the top location for such losses, followed by the Dominican Republic, Russia and Brazil.

Regional card blocking (card issuers blocking domestic payment cards for usage outside of Europe) continues to be successful with one country reporting significant resultant falls in skimming related losses.

To download the full Fraud Update (and other EAST outputs such as European ATM Crime Reports) it is necessary to take out an annual subscription, which can be done from the EAST website.

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