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EAST June 2011 Update
European ATM Security Team (EAST)
www.european-atm-security.eu
Fraud migrates away from Europe, as ATM EMV roll out nears completion
EAST has just released a chart showing the impact on ATM related skimming losses of the roll-out of EMV (Chip and PIN) at European ATMs. Domestic issuer losses (losses committed inside national borders by criminals using stolen card details) have fallen by 63% from a high point of €62 million during the first six months of 2006, to a low of €23 million during the second six months of 2010. Even when all ATMs are fully EMV compliant in EU-SEPA countries, fraudulent withdrawals can still take place because of the usage of ’mag stripe only’ cards from non EMV card issuers, or because EMV card issuers authorize ‘mag stripe fall back’ transactions.
A big spike in international losses (losses committed outside national borders by criminals using stolen card details) occurred in 2007 when such losses increased by 201% from €93 million during the first six months of the year, to €280 million during the second six months. In such cases counterfeit EU payment cards are used to make cash withdrawals in countries where all or some of the ATMs are not yet EMV compliant. As long as 'mag stripes' are present on EMV cards, the cards are vulnerable to skimming. International losses during the second half of 2010 were down by 64% from the highpoint in 2007, with losses of €100 million reported.
In addition to the impact of the EMV roll out, this fall in international losses can be also be attributed to the effectiveness of anti-skimming devices, where they have been deployed, to improvements in the detection and monitoring of fraudulent transactions, and to regional card blocking for 'card present' transactions.
Many EU countries are now reporting that losses in the United States are making up the largest percentage of international losses, where there are no known plans to migrate to EMV. This is in line with the latest Organised Crime Threat Assessment published by Europol which states that around 80% of non-EU fraud against EU payment cards is committed in the United States.
To get a copy of the chart visit the EAST website and download ' EAST ATM Fraud Analysis Report 2011'.
24th EAST Meeting hosted by Europol in the Hague
The 24th Meeting of EAST National Representative Members was hosted by Europol in the Hague on 8thJune 2011. National updates were provided by 23 countries. Europoland Eurojust
attended the meeting as observers, and presentations were made by the Bulgarian Digital Forensic Laboratory (NILCS) and Diebold.
EAST Fraud Update 2 - 2011 will be produced shortly, based on the updates provided at the meeting. EAST Fraud Updates are available on the EAST Website to EAST subscribers.
EAST National Representative Member Profile – Italy
Consorzio BANCOMAT's core business is the management of payment circuits and payment cards of BANCOMAT and PagoBANCOMAT circuits and their related trademarks.
Consorzio BANCOMAT also supervises and analyses the e-money market and some innovative payment channels, as apart from the banking activities. It also manages, in Italy and abroad, the realization of technical infrastructure and platforms for payment card transactions, excluding the direct issue and acceptance of payment cards or other payment instruments.
The most relevant Consorzio BANCOMAT activities- include those aimed for improving the quality and service accessibility - are:
- stipulation of the rules for ensuring each BANCOMAT and PagoBANCOMAT cardholder will be able to withdraw cash, and will pay for services and goods on all the terminals identified by Trademarks;
- study and analysis of innovative payment channel such as micro-payments (Contactless and mobile payments); payment card system instrument certifications and processes;
- management of blocking/unblocking BANCOMAT and PagoBANCOMAT cards via a toll-free telephone alert service;
- management of BANCOMAT and PagoBANCOMAT Security System (anti-fraud System);
- ownership of FARO Service;
- drafting of national and international Standards and Technical requirements;
- furnishing of international certification services.
EAST National Representative Contact –Italy
Antonio Sarnelli
Servizio Business
Consorzio BANCOMAT
a.sarnelli@abi.it
Telephone: +39 06 6767542
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