EAST PUBLISHES 2ND FRAUD UPDATE FOR 2018
The European Association for Secure Transactions has published its second European Fraud Update for 2018. The report is based on in-country crime statistics provided by representatives of 18 nations in the Single Euro Payments Area, and three non-SEPA nations, an EAST press release said.
– Fifteen countries reported payment fraud issues.
– Seven countries reported card-not-present as a key fraud driver.
– Two countries reported attempted “forced post” fraud, which can occur on some POS terminals with force sale functionality.
– One country reported a new form of malware on android mobile phones, distributed through a fake application uploaded from third-party Android stores.
– One country reported cases of SIM swap fraud, in which fraudsters authorize a bank transfer by switching the customer’s mobile phone number over to a new SIM and intercepting the authorization message.
ATM malware and logical attacks
– Nine countries reported these types of attacks.
– Five of the nine countries reported ATM related malware. In addition to Cutlet Maker, representatives reported a new variant called WinPot, which is used to determine the number of bank notes in an ATM.
– Six countries reported the use of black box devices to enable unauthorized cash dispensing.
Card skimming at ATMs
– Fourteen countries reported card skimming at ATMs.
– Five countries reported skimming on terminals other than ATMs; in four of the five these attacks involved unattended fuel terminals.
– Six countries reported M3 card reader internal skimming devices.
– One country reported the use of M2 throat inlay skimming devices.
– One country reported the arrest of a Chinese national — a first — in connection with skimming attacks.
Physical attacks on ATMs
– Eight countries reported ram raids and ATM burglaries.
– Six countries reported explosive gas attacks.
– One country reported the first case of an explosive attack on an assisted teller service machine.
– One country reported its first incidences of explosive gas attacks.
– Five countries reported solid explosive attacks.
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