South Africa
South Africa’s Standard Bank says it has lost $19 million after a scam in Japan.
Officials did not mention when the scam occured.
Standard Bank confirms being target of Japanese fraud syndicatehttps://t.co/CAqU8RT1tM pic.twitter.com/rDQpU2tgxE
— Sowetan LIVE (@SowetanLIVE) May 23, 2016
Bank officials say the perpetrators used counterfeit credit cards to withdraw cash from automated machines.
The bank has called on customers to remain calm because the scam affected its South African operations and not customers.
“Standard Bank has taken swift action to contain the matter and the gross loss to the bank is estimated at 300 million rand ($19million). This is prior to any potential recoveries that may serve to reduce the loss,” the bank said in a statement.
Reuters
01:18
Gaza war: UN top court orders Israel to “ensure unhindered provision” of essential supplies
01:10
Cyclone Gamane hits Madagascar, kills at least 11, displaces thousands
01:00
Embattled head of South Africa's parliament in bid to stop possible arrest
Go to video
Ethiopian bank seeks to recover millions lost after technical glitch
01:02
Pics of the day: March 14, 2024
02:00
Lions rescued from Ukraine released into big cat sanctuary in South Africa