Presentation
no 2 -
Mitigating Fraud in
the EFT Industry
Extract -
About K3DESLLC - Founded in April 2002
with focus on security of payment
systems. Approved by Visa and other
payment systems to perform PIN security
reviews.
Extract -
ATM fraud -
81% increase 2003 to 2004 • Fastest
growing fraud, up from £41m to £74.6m •
Funding organised crime • Originated in
South America, now almost exclusively
Eastern European
