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Hackers steal $13m from over 1,400 ATMs in Japan in less than three hours

Criminals have made away with ¥1.4bn ( £8.9m, $13m) from over
1,400 ATMs in Japan in under three hours. The teller machines from
where the cash was withdrawn simultaneously were located in Tokyo,
Kanagawa, Aichi, Osaka, Fukuoka, Nagasaki, Hyogo,Chiba, Nigata and
more, according to the Japanese police who suspect more than 100
people to be involved in the heist.
All the transactions took place on 15 May, between 5:00 am and 8:00
am, many of which were simultaneous and involved the removal of
¥100,000, the maximum withdrawal limit set for ATMs. There were
more than 14,000 transactions pertaining to the case in what looks
like a perfectly coordinated attack by an international network.

The most interesting bit is that the cash was withdrawn using forged
credit cards that belonged not to any Japanese bank but to a bank
from another country - South Africa. Police say the geographical
distance is important as the criminals wanted to delay authorities'
attempts to spot the scam.
The police in Japan will now try to identify the suspects by going
through the videos recorded by security cameras in the ATMs and
around them. They will also be working with South African authorities
via Interpol to determine as to how the credit card data was leaked.

The latest case shows a classic case of data theft where hackers
steal crucial information from servers but do not use it immediately.
Instead they wait and keep the data in storage banks to use them
effectively when least suspected.
Of late, financial hacks have increased with the Qatar National Bank
data leak, the Bangladesh Central Bank and even the US Fed being
hacked . Famed hackitivist group Anonymous has also been targeting
various banks under OpIcarus by stealing or leaking highly
confidential data from their servers.

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Hackers steal $13m from over 1,400 ATMs in Japan in less than three hours Hackers  steal $13m from over 1,400
ATMs in Japan in less than three hours Reviewed by Michael Ajah on Tuesday, May 24, 2016 Rating: 5

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