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

Expensive broadband hampers penetration

The Poland Ministry of Infrastructure's target to increase by 350 percent the number of broadband Internet users by 2006 more »

search.lt news

search.lt presents newest links more »

Nokia secures mobile network deal in Iraq

Nokia has secured a deal for the setting up of a GSM mobile telephone network in the south of Iraq more »

Pornographer to sell Whitehouse Web site

Owner worried about negative impact on young son more »

search.lt news

search.lt presents newest links more »

Pentium PC Vendors Face Chip Patent Suit

While Linux lawsuits gobble up the IT community's mindshare, a lesser-known legal action is being fought seeking billions of dollars from five PC vendors more »

UK police seek web porn crackdown

UK police are contacting other forces worldwide in an attempt to close down websites with sexually violent content more »

Bush Earmarks $60B for IT

The Bush administration's proposed $60 billion IT spending plan for 2005 looks to deliver a "service-centered" government more »

Secure Cash Out Procedure

New security solution prevents unauthorized withdrawals more »

A jointly developed standard interfaces

GfK consumer panel data to be available to CMplus users via standard interface more »