Monday, 19 November 2012

Cash trapping attacks in Europe seem to have stabilised

The European Security Team (EAST) has just released its third Fraud Update for 2012.  Cash trapping incidents were reported by 15 of the 21 contributing countries, and such attacks seem to be stabilising or falling in most of them.  The most common method used by criminals continues to be a fork or claw  inserted into the cash dispense slot during a normal transaction.

In October 2011 and April 2012 EAST reported significant rises in cash trapping incidents, so this latest news is welcome.

ATM skimming attacks continue in all but 4 of the reporting countries, and the migration of fraud losses away from EMV liability shift areas continues.  For more information visit the EAST website.

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