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ATM black box attacks increase in Europe

Monday 9 October 2017 14:33 CET | News

Europe encounters a surge in the number of ATM black box attacks in the first half of 2017, according to the European Association for Secure Transactions.

114 attacks across 11 countries occurred over the six months, more than 300% up on the 28 seen in H1 2016, the losses being estimated to reach of EUR 1.5 million.

Payment terminal related fraud attacks rose 10% to 11,934 incidents, a rise mainly driven by an 88% increase in transaction reversal fraud; card skimming incidents fell 22% to 1,221 - the lowest number since 2004.

Losses due to payment terminal related fraud attacks were also down - 29% to EUR 124 million, compared to EUR 174 million in the first half of 2016.

Physical attacks on cash machines rose 6%, to 1604 incidents, despite a small fall in the number of explosive hits. Related losses were down 55% to EUR 12.2 million.


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Keywords: ATM, Europe, security, card skimming, online fraud
Categories: Fraud & Financial Crime
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Countries: World
This article is part of category

Fraud & Financial Crime






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