Complete item: http://www.allmediascotland.com/media_releases/4522/european_atm_fraud_attacks_up_149%25

Description:

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 for such losses over the past three six month periods, with international losses due to card skimming falling by 18% in the second half of the year.

This indicates that the EMV* rollout in Europe continues to be effective, although international losses are expected to continue while criminals are able to illegally withdraw cash from ATMs abroad that are not EMV compliant".

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