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ATM Attacks: Terminal Fraud Dives in Europe During Pandemic


ATM Attacks: Terminal Fraud Dives in Europe During Pandemic
euroinfosec) •
April 19, 2021    
Aftermath of a black box attack against an ATM (Photo: Europol EC3)
Criminals continue to target ATMs with black boxes to run cash-out attacks and use explosives to get cash out of machines. But during the pandemic, most other types of attacks used to target ATMs, payment terminals and point-of-sale devices sharply declined, the European Association for Secure Transactions, also known as EAST, says in a new report.
Whether such fraud trends will continue is uncertain, give that 2020 was a highly unusual year due to the COVID-19 pandemic, and crime and fraud patterns changed accordingly, says Lachlan Gunn, executive director of EAST. Despite national lockdowns and border closures, mobile organized crime groups continued to operate across Europe. ....

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Terminal fraud attacks in Europe drop during Covid-19

The European Association for Secure Transactions (East) has just published a European Payment Terminal Crime Report covering 2020 which shows that terminal related fraud attacks have dropped significantly during the Covid-19 pandemic. ....

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EAST and FS-ISAC Join Forces to Help Combat Fraud w...


malware analysis 
“The current pandemic has accelerated changes taking place in the financial landscape,” 
said Lachlan Gunn, EAST Executive Director.  “Financially motivated cybercriminals targeting banks and other financial institutions have reacted accordingly and increasing our collaboration with FS-ISAC is an important step forward in the sharing of intelligence for the industry in Europe and beyond.” 
“Accelerated global digitalisation combined with the growing sophistication of cybercriminals demands more sharing and collaboration in the financial sector, both regionally and globally,” 
said Lucie Usher, Intelligence Officer for EMEA at FS-ISAC.  “This strengthened collaboration between FS-ISAC and EAST will further enable intelligence sharing to better safeguard the European global financial system.”  ....

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