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The proliferation of EMV-compliant ATMs across Europe has significantly reduced card-skimming incidents and the amount or euros thieves who use the fraud scheme steal, according to a report released Wednesday by the European ATM Security Team. During the first six months of this year, crooks committed 4,629 ATM card-skimming incidents, down 19% from 5,693 during the same period in 2008, Lachlan Gunn, coordinator of the European ATM Security Team, tells ATM&Debit News, a CardLine Global sister publication. Financial losses caused by card skimming totaled 156 million euros (US$234.1 million), down 30% from 222 million euros, he says. "This indicates that the EMV rollout at ATMs in Europe is helping to reduce skimming losses," Gunn says. EMV, which is managed by EMV Co. LLC, is the global antifraud chip-and-PIN standard for credit and debit cards. Some 392,917 ATMs are deployed in 31 European countries, and 92% of the machines are EMV-complaint, Gunn says. With EMV, cardholders must type in a four-digit PIN after inserting their chip cards into ATMs. By November 2010, 100% of the ATMs deployed throughout Europe must be EMV-complaint, Gunn says. The security team reported the findings in its European ATM Crime Report. Twenty countries, including Germany, France, the United Kingdom and France, which deploy a combined 356,302 ATMs, reported their findings to the team for the organization's crime report. The not-for-profit security team is based in Edinburgh, Scotland.

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