Japan ATM scam using fraudulent cards nets $12.7m

Cash worth 1.4bn yen ($13m; £8.8m) has been taken from cash machines in Japan using credit cards created with data stolen from a South African bank.

The money was withdrawn in less than three hours from 1,400 convenience store cash machines across Japan

The withdrawals targeted 7-Eleven cash machines, which unlike most in Japan accept foreign cards.
South Africa's Standard Bank estimated its total losses at $19.25m.