“This involved the withdrawal of cash using a small number of fictitious cards at various ATMS in Japan,” he said. This involved the withdrawal of cash using a small number of fictitious cards at various ATMS in Japan. “Standard Bank has taken swift action to contain the matter and the gross loss to the bank is estimated at 300 million rand (C$25 million). Interpol is also helping to coordinate with the South African authorities and identify anyone who might have leaked credit card information, sources told Kyodo News. Cash was withdrawn almost simultaneously across Tokyo and 16 other prefectures using as many as 1,600 counterfeit credit cards containing account information stolen from the South African institution Standard Bank.

Source: National Post May 23, 2016 21:30 UTC