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$13 Million Stolen From Japan ATMs Via Stolen S. African Bank Data
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RyanSepe
RyanSepe,
User Rank: Ninja
5/24/2016 | 12:58:06 PM
Re: ATM Stolen Money
Not sure if it differs from country to country but I would think it would be based on the company policy to define how they process events such as this. Someone may want to weigh in from a legal standpoint to provide more here but its a tricky situation nonetheless.
nouvomarketing
nouvomarketing,
User Rank: Apprentice
5/24/2016 | 12:31:07 PM
Re: ATM Stolen Money
Oh ok. That makes sense. The thieves got information from people who had credit accounts and exploited that. So, who is liable for the stolen money in the end. The individual it was stolen from? The bank? Or the insurance?
RyanSepe
RyanSepe,
User Rank: Ninja
5/24/2016 | 8:37:52 AM
Re: ATM Stolen Money
Debit cards do have strengthened security but the flaw here was that an individual had a credit account. Exploiting that account allowed for the withdrawals, this is why security assurance practices need to be in place for situations such as these because not having a line of credit in most cases is impractical.
nouvomarketing
nouvomarketing,
User Rank: Apprentice
5/23/2016 | 2:10:15 PM
ATM Stolen Money
Wow, I thought these kind of things only happened in the movies. Makes you think about using your debit card next time.. I hope the new chips in the cards help out with fraud.


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