Tagged With data skimming

A rash of major breaches in recent years proves that your credit card information is hardly safe. But a recent heist in Japan shows that hackers are getting scary good at turning that data into cold hard cash. In this case, coordinated ATM withdrawals with cloned credit cards netted criminals 1.4 billion yen ($17.7 million) in just two hours.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

A rash of major breaches in recent years proves that your credit card information is hardly safe. But a recent heist in Japan shows that hackers are getting scary good at turning that data into cold hard cash. In this case, coordinated ATM withdrawals with cloned credit cards netted criminals 1.4 billion yen ($17.7 million) in just two hours.