Japan an alluring target for Standard Bank ATM thieves

Filepic- AFP

SINGAPORE/TOKYO: Criminals who stole millions of dollars from automatic teller machines across Japan in a three-hour spree probably chose the country because banks consider it a low fraud risk, security experts say. 

The gang used counterfeit Standard Bank credit cards to withdraw 1.4 billion yen (RM52.2mil) in 14,000 transactions from ATMs at 7-Eleven convenience stores over three hours on a Sunday morning, according to a source familiar with the matter.