$12M stolen from 1,400 convenience store ATMs across Japan in 2 hours

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by Retric on Sunday May 22, 2016 @10:23AM (#11748661)

The way these things are usually setup, the people using the cards have little to do with collecting the info, or making the cards. If a few are fought they don't know anything about the others, and are much harder to trace. So cops don't put a lot of effect into tracking these people.

[ Parent | on HN ]

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by superuser2 on Monday May 23, 2016 @12:35AM (#11751906)

There are now 100 people holding cash. How will the organizers get it back?

Dead drops? One guy talks, they have a drop site. Law enforcement knows how to do stakeouts. Wait until someone comes to pick up the cash from the drop site, tail him to wherever he goes next.

Deposit it in real banks and transfer it somewhere? Okay, now you don't even need a participant to cooperate, you can just identify him and pull his bank records.

Maybe they convert it to BTC. Are there mixing services doing enough volume to really be untraceable? Otherwise investigators can watch it on the other side and see whose bank account it gets converted into.

[ Parent | on HN ]

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by Retric on Monday May 23, 2016 @07:35AM (#11753171)

Pay cash upfront like a large drug deal between gangs.

[ Parent | on HN ]

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by superuser2 on Monday May 23, 2016 @10:03AM (#11753879)

Large drug deals between gangs are vulnerable to stakeouts and busts if one of the parties involved leaks the meeting time and location.

[ Parent | on HN ]