Losses caused by card fraud at mobile payment centres are at their lowest level since 2017 , according to data released by the European institute for Secure Transactions ( EAST ) . Overall losses for H1 2018 fell 43 % to € 107 m ( $ 124 m ) , in large part because of a 19 % decrease in card - skimming scams – € 118 m to $ 104 m . EAST credited the drop to the effectiveness of the EMV payment method and the efforts of terminal managers and card operators in implementing “ counter - measures such as geo - blocking , fraud monitoring capabilities and fraud detection ” . However , losses from physical attacks on ATMs increased by 24 % to € 15 m .
Losses caused by card fraud at EU payment terminals are at their lowest level since 2005, according to data released by the European Association for Secure Transactions (EAST). Overall losses for H1 2018 fell 43% to €107m ($124m), in large part because of a 19% decrease in card-skimming scams – €118m to $104m. EAST credited the drop to the effectiveness of the EMV payment method and the efforts of terminal managers and card issuers in implementing “counter-measures such as geo-blocking, fraud monitoring capabilities and fraud detection”. However, losses from physical attacks on ATMs increased by 24% to €15m.