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News from Latvia, Estonia and Lithuania




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ATMs unsafe: security experts

Oct 01, 2008
By Justinas Vainilavicius

VILNIUS - Credit card crime is on the rise due to inadequate ATM security, experts in the industry say. More than 30 percent of ATMs in Lithuania do not have modern security devices installed. Banks need to spend more than they are now to ensure safety for users of their automated teller machines, security experts said. “Installing a security system that meets EMV standards is expensive, so banks tend to save money on this issue,” a representative of ATM security company BS/2, Martynas Zili ...


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