It is believed the Japanese police have arrested 92 people involved in the R300-million fraud incident against Standard Bank credit card holders in May.
Sources have revealed to a Japanese newspaper that an international syndicate had hacked the bank’s system to steal credit card information.
It appears that the hacked information was written on to blank cards and six Japanese organised crime syndicates instructed handlers to order 100 operators in 17 provinces to withdraw 100 000 yen (R8 000) early Sunday mornig at more than 1 700 ATMs, located in 7-Eleven convenience stores.
Alarmingly, it seems that operators were told they could use any four digits as the PIN as the hackers had invalidated the PINs.