European Payments Council issues report about ATM anti-skimming, security tips

Published: 8 January 2009 y., Thursday

 

The European Payments Council on Dec. 30 published a list of recommendations regarding anti-skimming measures for ATMs within the Single Euro Payments Area, The Paypers reported this week. The council is the decision-making and coordination body of the European banking industry in relation to payments.
 
According to the council's report, ATM-skimming fraud, which involves illicitly copying ATM card information stored on magnetic stripes, is increasing in Europe. Despite the rollout of the Europay, MasterCard, Visa standard, also known as EMV, additional anti-skimming solutions are being used and deployed by individual ATM operators throughout Europe.
 
The report includes five recommendations for anti-skimming that ATM operators and schemes within SEPA can use.
 
The recommendations outline a series of minimum standards for anti-skimming measures, such as design of the entrance of the ATM card readers that prevents the attachment of skimming devices; measures for the identification, jamming or disturbing of skimming devices already attached to an ATMs; and remote electronic anti-skimming procedures that alert ATM operators when an ATM is tampered with.
 
Additionally, the report recommends ATM operators install privacy shields to hide customers' hands as they input PINs and display warnings about skimming devices and available incident report channels on or near the ATMs themselves.
 
The council also recommends fitting new ATMs that are to be installed in high-risk locations with anti-skimming devices as standard features. Anti-skimming devices should also be installed on ATMs that have been previously targeted and compromised by criminals.

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

IBM starts Web-based program to help speed up chip design work

International Business Machines Corp. said it's starting a program to use the Internet to speed custom-semiconductor design, bolstering its unit that makes chips for other companies. more »

Worm-Kit Creator Blames You

Sloppy programmers and lazy users are the real cause of virus attacks, according to the creator of the VBS Worm Generator program more »

Britain launches government website

Site that aims to take the country online finds controversy more »

Streaming wars spawn wireless weapons

The battle between Microsoft, RealNetworks and other streaming software companies is moving from the desktop to the cell phone. more »

Napster can play on, but threat looms

A court ruling Monday allows Napster users to continue swapping music for now but opens the door to millions of dollars in damages that could cripple the service. more »

Russian Parliament Gears Up for Role in Net Economy

The Internet has been one of the last frontiers unconquered by Russia's galling government regulations, but that may soon change. more »

Credit card fraud rises by 50%

Credit card fraud in the European Union increased by 50% last year. more »

Internet Business Swallows Millions

Companies offering e-business and Internet services are satisfied with their internal development, and the funds placed into Internet business are expected to start bringing a return within three to five years. more »

Indian Bags US Patent For Virtual Smells, Sensations

Sandeep Jaidka, an inventor, has bagged the US patent for the world's first multimedia invention on virtual reality device for producing relevant smells and sensations more »

U.S. online retail sales up 60 percent

Toshiba planning to offer music-download service more »