Fraudsters Stole ¥1.4 Billion from 1,400 Japanese ATMs in Just 3 Hours

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

Watch Video: How Hacker Installs a Credit Card Skimmer in 3 Seconds

Card Skimmers have been around for years, but the video posted below is a perfect example of the evolution of the technology used by thieves.



The video released by Miami Beach Police involved two men who work as a team to install a credit card Skimmer on top of a card terminal at a local gas station in LESS THAN 3 SECONDS.



Yes, in just less than 3 seconds hackers can turn a regular

Smart ATM offers Cardless Cash Withdrawal to Avoid Card Skimmers

Banks have tried every effort, from providing Magnetic Stripes based Credit and Debit Cards to Chip-and-Pin Cards, in order to secure its users from credit card cloning and card Skimmers.

It has been known from years that Magnetic stripe are incredibly hackable, but Chip-n-Pin cards have also been hacked and successfully cloned by a group of security researchers.

A unit of Canada’s Bank of