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European ATM Fraud Attacks up 149% Says EAST Report
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EAST (the European ATM Security Team) has reported a 149% rise in ATM related fraud
attacks during 2008.
Edinburgh, UK, April 10, 2009 -- EAST (the European ATM Security Team) has reported
a 149% rise in ATM related fraud attacks during...
[Plus]
EAST (the European ATM Security Team) has reported a 149% rise in ATM related fraud
attacks during 2008.
Edinburgh, UK, April 10, 2009 -- EAST (the European ATM Security Team) has reported
a 149% rise in ATM related fraud attacks during 2008.
This reverses a previous
trend and is primarily led by the 129% increase in card skimming incidents, with a
total of 10,302 reported.
Despite this significant increase in incidents, fraud
related losses increased by just 11% with a total loss of ?485 million reported.
This smaller increase in losses, relative to the significant rise in reported
incidents, is indicative that that deployed counter-measures, such as anti-skimming
devices, are increasingly effective, as are fraud monitoring and detection
capabilities.
EAST Director and co-ordinator, Lachlan Gunn said, "This increase in reported
incidents is of great concern to EAST members.
While the year on year fraud loss
figures show an increase, the half year figures show a declining trend f
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