BVK Attended EAST FCS

BVK is proud to officially support this second EAST FCS Forum (The EAST Financial Crime & Security Forum 2015) which takes place on the 11th and 12th June 2015 at the Grand Hotel Amrâth Kurhaus, The Hague, Scheveningen (Netherlands). The EAST FCS Forum will bring together global stakeholders with the objective of sharing knowledge, the latest trends, innovations and modus operandi in the ATM Security field, as well as the impact of international financial crime, and seek practical and strategic measures to respond to ever-evolving threats. The conference agenda is set by national members and will include contributions from regional and international stakeholders. The event is co-organised by EAST and LiquidNexxus.

 

The European ATM Security Team (EAST) has national members representing 31 countries, with a total deployment of 655,398 ATMs. In a European ATM Crime Report covering the full year 2014, EAST reported overall ATM related fraud losses of €280 million. This was up 13% on 2013 when losses were reported at €248 million. This rise was largely driven by an 18% rise in international skimming losses (up from €201 million to €238 million). The USA and the Asia-Pacific region are where the majority of such losses were reported. Domestic skimming losses fell 9% over the same period. In 2014 EAST began to collect statistics for ATM Malware after the first incidents were reported in Western Europe. These were ‘cash out’ or ‘jackpotting’ attacks. In 2014 51 such incidents were reported, with related losses of €1.23 million. In 2011 EAST embarked on a long term strategic planning process designed to take the group to the next stage of its development. As threats evolve and continue to migrate EAST has made a strategic decision to reach out to additional stakeholders. The bi-annual EAST FCS Forum helps to further improve the sharing of relevant information to ensure a more coordinated and effective response to fraud globally.

 

Founded in 2004 and headquartered in Istanbul, Turkey, BVK is an ATM Solutions Company. BVK is specialized in anti-skimming, smart, connected devices, IoT Technologies mainly for ATMs & FIs. BVK therefore has unique solutions; increasing both ATM Security and Operational Efficiency. Today BVK solutions are sold through a distributor network in more than 30 countries.

 

BVK is the associate member at EAST (The European ATM Security Team). EAST is a ‘non-profit’ organisation whose members are committed to gathering information from, and disseminating EAST outputs to, ATM deployers and networks within their countries/regions.

 

Join BVK and fellow EAST members in the Hague in June.

More information on the conference: http://www.liquid-nexxus.com/en/schedule/next/east-fcs-forum-2015/