European Association for Secure Transactions (EAST) has reported that a total of 18,217 incident of terminal fraud took place in 2019, a year-on-year increase of 35%.
The incidents were mainly driven by an 87% jump in ATM transaction reversal fraud attacks.
Card-skimming incidents dipped 21% from 1,883 to an all-time low of to 1,496 incidents, according to the latest European Payment Terminal Crime Report.
EAST executive director Lachlan Gunn said: “Despite the overall rise in terminal fraud incidents, total reported losses were almost unchanged.
“Transaction reversal fraud losses did rise from €2.6m to €5.2m, but the continued drop in skimming incidents has helped to keep the overall loss position stable.”
Incidents of ATM-related physical attacks increased to 4,571 in 2019 from 4,579 in 2018.
However, attacks because of ram raids as well as ATM burglary decreased by 11% to 1,122 from 1,256.
ATM explosive attacks, which include explosive gas and solid explosive attacks, recorded a dip of 7%.
Losses caused due to ATM related physical attacks stood at €22m, a slump of 39% compared to €36m reported in 2018, EAST said in its press statement.
In 2019, a total of 140 cases of ATM malware and logical attacks were reported, a drop of 11% compared to 157 in 2018.
All the reported attacks, according to the report, were ‘cash out’ or ‘jackpotting’ attacks.