A Japanese ATM cash-out scheme stole $19 million from South Africa’s Standard Bank in less than three hours. The well-organized scheme is believed to be linked to a sophisticated criminal group that has extensive knowledge about how ATM transactions are accepted and transmitted in Japan. As long as ATMs continue to accept magnetic-stripe cards, cash-outs will pose a risk. In the U.S., most ATMs are not expected to begin accepting chip cards until the end of 2016.”]
Source: https://www.fraudtoday.io/lessons-from-atm-cash-out-scheme-in-japan-a-9140