Crooks stole $12.7 million at 1,400 Japanese ATMs earlier this month, with around 100 people making 14,000 transactions with 1,600 counterfeit credit cards. In many countries, the liability for magnetic-stripe card fraud has shifted from card issuers to merchants. EMV accounted for only 34 percent of transactions where the cards were physically present, compared to 84 percent in Africa, 87 percent in Canada, Latin America, and the Caribbean, and 97 percent in western Europe.”]
Source: https://www.csoonline.com/article/3075856/second-factor-may-prevent-atm-fraud.html