Unfortunately this isn't entirely true. Austrian (like all European) cards do have a chip, but they also still have the magstrip. And third world ATMs use mag strips near exclusively, which is usually enough to withdraw money there.
In other words, what happens is that the data is being transmitted to some backwater country where the mag strip part is duplicated and used on one of those ATMs there. Yes, it's easy to spot this since your card will be used in, say Albuquerque while you're not even near the continent, but when you notice it the attacker still has the money.
As I wrote previously, this isn't how it works: An Austrian Maestro Card (the card you use to withdraw cash from your bank account) will not work in any country that operates with magnetic stripe only unless you call your bank first. I'm not sure about Albuquerque but most countries outside Europe and the US are blocked by default.