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A comment on $12M stolen from 1,400 convenience store ATMs across Japan in 2 hours. Parent comment

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by gambiting on Sunday May 22, 2016 @10:54AM (#11748794)
Contactless only lets you spend 25 pounds(so I guess $30-40) in a single transaction, you can only do 5 a day(until you have to enter the pin), and it's impossible to withdraw cash using it. The card also won't surrender its data without a valid decryption key from an authorized terminal. I have absolutely no idea how you can even describe contactless as "worse" in this case.
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Re:$12M stolen from 1,400 convenience store ATMs across Japa... by tim333 on Sunday May 22, 2016 @11:45AM (#11748987)
Yeah, 'the trade body said fraud via the cards was "extremely low", at less than one penny for every £100 spent.' (bbc)
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Re:$12M stolen from 1,400 convenience store ATMs across Japa... by kalleboo on Sunday May 22, 2016 @01:05PM (#11749331)
Well if we're on the topic of Japan, contactless lets you spend 20,000 yen (125 GBP) in one transaction.

Fraud is definitely a lesser concern in this country of lower crime rates. I'm afraid it will probably be tightened up as they globalise.

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