Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

12/16/2020
10:50 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

EAST and FS-ISAC Join Forces to Help Combat Fraud with Cyber Threat Intelligence

Expanded partnership to protect and defend European payments infrastructure.

London, December 16, 2020 - The European Association for Secure Transactions, EAST, and FS-ISAC have signed a Memorandum of Understanding (MOU) strengthening their sharing of secure payment-related intelligence to battle fraud.  

In 2020, average monthly fraud cases reported by FS-ISAC members have increased by 82%.  The latest EAST European Payment Terminal Crime Report, covering the first six months of 2020, reported a 269% increase in ATM malware and logical attacks.  As fraud attempts have skyrocketed during the pandemic and digitization of financial services reaches a point of no return, it is critical for anti-fraud efforts and cybersecurity teams to work together more closely moving forward.

Specifically, the partnership strengthens:  

  • operational intelligence sharing 
  • anti-fraud and cybercrime prevention initiatives
  • malware analysis 
  • strategic partnerships

“The current pandemic has accelerated changes taking place in the financial landscape,” said Lachlan Gunn, EAST Executive Director.  “Financially motivated cybercriminals targeting banks and other financial institutions have reacted accordingly and increasing our collaboration with FS-ISAC is an important step forward in the sharing of intelligence for the industry in Europe and beyond.” 

“Accelerated global digitalisation combined with the growing sophistication of cybercriminals demands more sharing and collaboration in the financial sector, both regionally and globally,” said Lucie Usher, Intelligence Officer for EMEA at FS-ISAC.  “This strengthened collaboration between FS-ISAC and EAST will further enable intelligence sharing to better safeguard the European global financial system.” 

The partnership was formalised in November during the 3rd EU Financial Cybercrime Coalition (EUFCC) meeting hosted by Europol and FS-ISAC.

 

ABOUT EAST 

 

The European Association for Secure Transactions (EAST) was formed in 2004 and its remit covers both Terminal Security and Payment Security. EAST has set up an international network to help improve public/private sector cross-border cooperation in the fight against organized cross-border crime.  Connect with EAST on LinkedIn, follow EAST on Facebook, or talk to EAST on Twitter

 

ABOUT FS-ISAC 

 

The Financial Services Information Sharing and Analysis Center (FS-ISAC) is the only global cyber intelligence sharing community solely focused on financial services. Serving financial institutions and in turn their customers, the organization leverages its intelligence platform, resiliency resources, and a trusted peer-to-peer network of experts to anticipate, mitigate and respond to cyber threats. Headquartered in United States, the organization has offices in the United Kingdom and Singapore, and members in more than 70 countries. To learn more, visit www.fsisac.com. To get clarity and perspective on the future of finance, data and cybersecurity from top C-level executives around the world, visit FS-ISAC Insights

 

Media Contact:

[email protected]

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
2020: The Year in Security
Download this Tech Digest for a look at the biggest security stories that - so far - have shaped a very strange and stressful year.
Flash Poll
Assessing Cybersecurity Risk in Today's Enterprises
Assessing Cybersecurity Risk in Today's Enterprises
COVID-19 has created a new IT paradigm in the enterprise -- and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-12512
PUBLISHED: 2021-01-22
Pepperl+Fuchs Comtrol IO-Link Master in Version 1.5.48 and below is prone to an authenticated reflected POST Cross-Site Scripting
CVE-2020-12513
PUBLISHED: 2021-01-22
Pepperl+Fuchs Comtrol IO-Link Master in Version 1.5.48 and below is prone to an authenticated blind OS Command Injection.
CVE-2020-12514
PUBLISHED: 2021-01-22
Pepperl+Fuchs Comtrol IO-Link Master in Version 1.5.48 and below is prone to a NULL Pointer Dereference that leads to a DoS in discoveryd
CVE-2020-12525
PUBLISHED: 2021-01-22
M&M Software fdtCONTAINER Component in versions below 3.5.20304.x and between 3.6 and 3.6.20304.x is vulnerable to deserialization of untrusted data in its project storage.
CVE-2020-12511
PUBLISHED: 2021-01-22
Pepperl+Fuchs Comtrol IO-Link Master in Version 1.5.48 and below is prone to a Cross-Site Request Forgery (CSRF) in the web interface.