Japan’s 7-Eleven ATM machines involved in 1.4 billion credit card theft and Japan’s police mobilize

Just when you thought ATM machines throughout Japan were secure and engineered to prevent theft and fraud, another incident appears in which ¥1.4 billion yen ($12.7m; £8.8m) using credit cards created with data stolen from a South African bank. 7Eleven cash machines accept foreign credit cards unlike other facilities like banks ATM machines throughout Japan. and who ever pulled this scam off knew details how the ATM machines in Japan are set up.

The data based on credit card information stolen from the bank in South Africa, made it possible for these thieves to steal the money from the bank. Makes people feel that much more vulnerable to these types of data theft. Japanese police think more than 100 people across Japan were involved in the theft. Really? One hundred people? What a stunning theft. 100 people working together throughout Japan who all had a card/s using stolen data were able to steal 1.4 billion Yen? That comes out to ¥14 million per thief after 1,400 convenience stores were attacked throughout Japan? In addition to the upcoming G7 summit, this might be why the Japanese police were mobilized yesterday all over Japan especially inside train stations apparently looking for the thieves. Well Japan, this is what you can expect when you open your doors to 2 million foreigners a year. If Japan wants all that tourism income they should be prepared for more of this type of theft.

Source: The Mainichi

1.4 billion yen stolen from 1,400 convenience store ATMs across Japan

23 May 2016

TOKYO (Kyodo) — A total of 1.4 billion yen ($12.7 million) in cash has been stolen from some 1,400 automated teller machines in convenience stores across Japan in the space of two hours earlier this month, investigative sources said Sunday.

Police suspect that the cash was withdrawn at ATMs using counterfeit credit cards containing account information leaked from a South African bank.

Japanese police will work with South African authorities through the International Criminal Police Organization to look into the major theft, including how credit card information was leaked, the sources said.

The theft at convenience store ATMs took place in the morning of May 15 in Tokyo and 16 prefectures across the country, and police believe over 100 people might have coordinated in the unlawful withdrawal.

In each of the approximately 14,000 transactions, the maximum amount of 100,000 yen was withdrawn from Seven Bank ATMs using the fake credit cards, according to the sources.

ATM transaction data suggests that information from 1,600 credit cards issued by a South African bank was used, the sources said.