Fraud in Japan online banking in the language of figures

The Financial Services Agency has summarized last year cases of fraud involving stealing of ID codes in their report, about which its representatives has announced on Wednesday. So, during the period April-December 2007 agency has recorded 191 cases of illicit cash withdrawals from online bank accounts in Japan.  

May be the figure is not very high, but comparing to the last year report that has indicated only 100 cases we can see that the level of fraudsters' activity has doubled. But this growth can be explained by another kind of growth - growth of online banking popularity in Japan.

During the nine-month period mentioned above agency has registered 550 cases of money losses due to counterfeit of cash cards against 633 cases, reported for the whole of fiscal 2006. But it is necessary to note that 3,812 cases of money losses stemming from stolen cash cards, downed from 6,863.

Concluding the report agency asked the customers to be more careful, and not to use simple ID codes that are easy to guess, and said that it from its part will take stricter countermeasures.

Aynny, reporter of Ecommerce Journal