According to reports, nearly 1.4 billion Yen or 13 million USD has been looted out of 1400 ATMs in Japan on 15th May. The crime happened in an organized manner and involved more than 100 people. All of the withdrawals were made with fradulent credit card details of South Africa’s Standard Bank from convenience store ATMs. The crime took place in ATMs in Osaka and Tokyo. At this moment no details on the criminals are available.
The looting was of a sophisticated nature as the criminals targeted 15th May, a Sunday. All banks being closed on Sunday made their job easier. The bank has already put 19 million USD to losses. ATM CCTV footages are being analysed to identify the criminals but authorities fear that they may have already left the country. The incident was brought to light once the banks open on Wednesday. In a statement, Standard Bank said it fell prey to a sophisticated crime.