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

Chip-and-PIN Credit Cards and The Deadline: Here's What You need To Know

October 1 Liability shift ENDS!



Today, 1st October 2015, is the deadline for US-based Banks and Retailers to roll out Chip-embedded Credit Cards (powered by EVM Technology) to customers that will make transactions more secure.



EVM Technology stands for Europay, MasterCard and Visa -- a global standard for Payment Cards equipped with Chips used to authenticate chip card transactions.