Hackers steal ¥1.4bn from Japanese ATMs
It has emerged that on 15 May, cyber attackers in Japan stole ¥1.4bn (approx. $12.7m) from ATMs countrywide in just three hours. A total of 1,400 ATMs in small convenience stores in 16 prefectures were targeted between 5am and 8am. Cloned credit cards containing bank account details that were taken from South Africa’s Standard Bank were used in the attack. Approximately 100 people are believed to have taken out the full amount possible from each of the ATMs and investigators believe that an international crime syndicate is behind the operation. Nobody has yet been arrested, but police are studying CCTV images to try and identify those involved.

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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 () 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by an international crime network.The crooks operated around 1,400 convenience store ATMs from where the cash was withdrawn simultaneously in 16 prefectures around Japan, including Tokyo, Osaka, Fukuoka, Kanagawa, Aichi, Nagasaki, Hyogo, Chiba and Nigata, The Mainichi reports Many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 pilfer cash at ATMs or make online purchases.In this particular case as well, the heist was carried out using cloned credit cards that contained bank account details obtained from Standard Bank in South Africa.The criminal gang of around 100 people believed to have withdrawn 100,000 yen (nearly US$900) – the maximum amount allowed by cash machines – from each of the 14,000 ATMs.No one has yet been arrested in connection with the heist. However, Japanese police are currently trying to identify the suspects by examining CCTV footage and are working with South African authorities to investigate how the information on credit cards was leaked.This incident shows a sophisticated move by a group of criminals who stole the critical card data, but rather than using it immediately, it kept the data safe and used effectively when least suspected.So, be cautious when you use any ATM and always look carefully at the teller machine before using it. If you found the machine tampered or its card slot looks damaged or scratched, DO NOT use the ATM.