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

Amazon-Toysrus.com deal signals strategy shift

Amazon.com has discovered that selling toys isn't all fun and games. more »

search.lt news

search.lt presents newest links more »

AOL, Yahoo! Split Weekly Nielsen/NetRatings

In the latest weekly Nielsen/NetRatings, America Online, Inc. properties remain the Web sites of choice for home users while Yahoo! is the top pick of office users. more »

Making the Web safe for children

The director of Cyberangels collaborates with cops to fight a shadowy Internet menace. more »

"LAN Party v4.0 Military Force" in Lithuania

Opportunities of the local network are used for organization of "LAN Party" activity for computer specialists and those who are fond of computer network games.This weekend already fourth Lithuanian "Lan Party" will be organized. Today there are already 115 registered participants. more »

Intel Has High Hopes for Pentium 4

Intel Corp.'s new, turbocharged Pentium 4 processor aims to make computers into hotrods capable of ripping through even the most demanding applications. more »

search.lt news

search.lt presents newest links more »

Cybersquatting Gets Personal For Canadian Justice Minister

Canadian politician Anne McLellan might not be quite as famous an American Actress Julia Roberts. But when it comes to filing complaints against so-called domain-name "cybersquatters," the signature of Canada's justice minister is probably worth noting more »

“Skynet”: Local and Internet TV and Radio

In the world Internet television and radio is not news; but new digital television and radio technologies have arrived to Lithuania not so long ago. Last year JSC“Skyneta” began implementation of the project: connection to Internet using optical cable network “Skynet”. more »

search.lt news

search.lt presents newest links more »