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‘Black Box’ is the connection of an unauthorised device which sends dispense commands directly to the ATM cash dispenser in order to ‘cash-out’ the ATM.

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Losses due to payment terminal related fraud attacks were up 6% when compared with 2016 .

Losses due to ATM related physical attacks were €31 million, a 37% drop from the €49 million reported during 2016.

Our Expert Group on All Terminal Fraud (EGAF) is actively monitoring all malware threats to payment terminals, while our Payments Task Force (EPTF) is focusing on malware threats against the wider banking infrastructure.”.

This is the seventh successive year that the number of skimming incidents has fallen and the number of incidents reported in 2017 is the lowest since EAST first began gathering data in 2004.

Most of the arrests took place in 20 with the most recent in Spain this month.

The criminals involved with ATM Black Box attacks mainly originate from Romania, Moldova, Russia and Ukraine.The average cash loss per explosive or gas attack is estimated at €14,575, the average cash loss for a robbery is €10,357 per incident and the average cash loss for a ram raid or burglary attack is €9,761.The full Crime Report is available to EAST Members (National and Associate) Europol has announced that 27 arrests have been made across Europe in connection with ATM Black Box attacks.You also may have problems viewing our latest site features, as Telstra's website does not support outdated browsers. EAST has just published a European Payment Terminal Crime Report covering 2017 which reports that ATM malware attacks have started in Western and Central Europe.These figures do not take into account collateral damage to equipment or buildings, which can be significant and often exceeds the value of the cash lost in successful attacks.

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