New EAST Update
- The European ATM Security Team (EAST) releases its third European Fraud Update for 2011 based on the information handed in by 21 SEPA countries and two non-SEPA ones.
- All reported Skimming case: six noted a decrease and two reported an increase. The US (where EMV is yet to make progress) still accounts for most of the skimming-related losses, before the Dominican Republic, Russia and Brazil. Card blocking when travelling abroad seems to have borne fruit for one of the countries.
- Also, for the first time, attacks have been noted on EMV compliant car park meters.
- Cash trapping incidents have increased in most of the countries: this trend had already been reported in EAST’s former European ATM Crime Report in October 2011.
- ATM protection concerns both manufacturers (see DIebold’s new solution for instance) and banks. Many are currently trying to reduce the risks through opting for EMV card deployments, and even ATM adaptation. To this respect, the Commonwealth Bank of Australia (CBA) has announced the replacement of all its ATM estate in partnership with Wincor Nixdorf and the Armaguard Group. This process follows MasterCard’s request that all providers make sure Australian ATMs are EMV-compliant by end 2015.
- In the US, Bank of America and Citigroup for instance are supporting Chip & PIN standard (unlike other US players proposing smart cards with signature validation and no PIN code).
- In Europe, the EMV compliance process is almost completed.