Fraudsters Stole ¥1.4 Billion from 1,400 Japanese ATMs in Just 3 Hours
May 23, 2016
In an era where major data hacks are on the rise, it is no surprise breaches on individuals are also up. In just three hours, over 100 criminals managed to steal ¥1.4 Billion ( approx. US$12.7 Million ) from around 1,400 ATMs placed in small convenience stores across Japan. The heist took place on May 15, between 5:00 am and 8:00 am, and looked like a coordinated attack by an international crime network. The crooks operated around 1,400 convenience store ATMs from where the cash was withdrawn simultaneously in 16 prefectures around Japan, including Tokyo, Osaka, Fukuoka, Kanagawa, Aichi, Nagasaki, Hyogo, Chiba and Nigata, The Mainichi reports . Also Read: Tyupkin Malware Hacking ATM Machines Worldwide Many ATM incidents involve a long-established technique called ' ATM Skimming ' in which criminals install devices to obtain card details via its magnetic stripe, or use ATM malware or from data breaches, and then work with so-called carders and money mules to pilfe