Europol's European Cybercrime Centre (EC3) hosted the 30th Meeting of EAST (the European ATM Security Team) on the 12th June 2013 and as a follow up is participating in the first annual EAST Financial Crime & Security Forum, taking place in The Hague on 13-14 June 2013.
The EAST Members (with representatives mostly from the payment/banking industry) are responsible for the protection of electronic payment transactions, in Europe and outside its borders.
During the event at Europol on 12 June, National Representative Members of 14 member states plus Canada, Norway, Russia, Switzerland, Ukraine and Eurojust, provided their national updates regarding the current situation related to security issues of electronic payments in and outside of Europe, and its current global crime phenomenon.
Additionally, a presentation was made by the external guest representing FICFIB (the Fuel Industry Card Fraud Intelligence Bureau), to discuss potential synergies and areas of cooperation with the group.
National Members of the following countries participated in the meeting at Europol:
Austria, Belgium, Canada, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Portugal, Romania, Russia, Sweden, Switzerland, Ukraine, and the United Kingdom.
This international network is being set up in order to help improve public/private sector cooperation in the fight against organised cross-border electronic payment crimes.
As a follow-up to the meeting at Europol, EC3 is also participating in the first annual EAST FCS (Financial Crime & Security) Forum which is taking place on 13-14 June 2013 at the World Forum in The Hague. The forum aims to help to further improve flows of information to ensure a more coordinated and effective response to electronic payment crimes. As well as the EC3 speaker, presentations will be given by representatives of: USSS (USA), BKA (Germany), REMA (Russia), ATEFI (Panama), Banelco (Argentina), Interac (Canada), Eurojust, and other Payment Service Providers, Transaction Processors, Card Brands, and organisations.
"Compromising of payment card data with fraud migration on other continents, misuse of European card data in non-chip/EMV compliant regions, illegal electronic payment transactions taking place outside of the EU territory, all these are still some of the major challenges for the European payment industry and cyber investigators" said Paul Gillen, Head of the EC3 Operations.
The cooperation of Europol with EAST is an excellent example of a successful, collective enforcement approach with the payment industry to better protect electronic payment transactions on European territory. Such events are a part of the European Cybercrime Centre efforts to build law enforcement and private industry partnership in the fight against cybercrime, and in particular electronic payments cybercrime phenomenon.