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

Privacy Groups Not Satisfied with MS Passport Fixes

"Unfair and deceptive trade practice" more »

A Tiny Dose of Java Adds Smarts to Phones

Despite the wireless hype, serious questions remain about the capabilities of advertising on this nascent medium. more »

MTV.com Relaunched with Community-Building Features

New York-based MTVi Monday fulfilled its promise to overhaul its flagship MTV.com Web site this summer more »

Microsoft Makes Peace with Kodak

Eastman Kodak Co. Monday hailed Microsoft Corp.'s recent decision to modify its upcoming Windows XP operating system to give third-party digital photography software vendors more »

Hunt for Code Red authors turns into witch hunt

Reports that the author of the infamous Code Red worm belong to virus writing group 29A have been comprehensively refuted by hacking groups and security experts alike. more »

Virus Detectives Face Daunting Challenge

Federal officials say they can track down the authors of outbreak viruses like Code Red and SirCam with the help of security experts and technology, but some contend that finding those behind the malicious code depends mostly on whether they talk or not. more »

Asia-Pacific To Top U.S. Internet Market By 2003 - Study

The number of Internet subscribers in the Asia-Pacific region will zoom past those in the United States, making Asia-Pacific the world's largest Internet market within three years. more »

New creative opportunities

X3D enables next generation browsers for Web and broadcast applications more »

The combined solution

IBM to Integrate and Resell Virage Products as Part of IBM'S Media Production Suite more »

Zimbabve lacks computer specialists

„Wincor Nixdorf“ partners again requested help from JSC „Penki kontinentai“. more »