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

FTC member says privacy concerns becoming 'hysteria'

Expect little interference in B2B exchanges from FTC, says Leary more »

Java's Hot, and Going Strong

Monday morning's crowds outside JavaOne, the Sun-sponsored conference for people who code in the cross-platform Java programming language, was probably one for the record books, even by San Francisco standards. more »

Endgame for Cybercrime treaty

A few feel-good touches can't redeem the COE treaty, or the closed-door process that produced it. more »

ICANN Wraps Up Stockholm Meetings

The Internet Corporation for Names and Numbers (ICANN) wrapped up its weekend meetings in Stockholm early Monday morning with a variety of decisions aimed at bringing its version of stability to the Internet. more »

search.lt news

search.lt presents newest links more »

Majestic Invades Your World

If you're the kind who sees a conspiracy behind every rock, EA.com has the game for you. more »

Asia-Pacific Web Surfers World's Most Active - Nielsen

The top four Internet nations in terms of the number of pages viewed per person are all in the Asia-Pacific region, according to an April study of global Internet usage. more »

Web services unite tech giants ... somewhat

Companies that for the most part have agreed to disagree appear to be making an exception when it comes to Web services more »

Opal, Onyx Spell Future for Polaroid

Thanks largely to the instant gratification offered by digital cameras, Polaroid Corp. sees a difficult future for film sales more »

Hoax hits harder than a virus

Causes users to delete files more »