Singapore authorities have added more charges to two men arrested for their alleged roles in a $1 million ATM-skimming scheme. The two had already been linked to numerous unauthorized withdrawals made earlier in the year, which authorities now believe totaled at least $23,000. The incident spurred the Association of Banks in Singapore to push adoption of the Europay MasterCard Visa chip standard. All card-issuing banks in Singapore have now been directed to replace magnetic-stripe cards with more secure chip technology.”]
Source: https://www.databreachtoday.com/atm-scheme-spurs-government-action-a-4580