Online banking fraud surging in Japan
TOKYO —
A total of 191 cases of illicit cash withdrawals from online bank accounts using stolen identification codes were reported in Japan in April-December 2007, the Financial Services Agency said Friday.
The nine-month figure was nearly twice as high as the 100 cases reported for the whole of fiscal 2006 that ended in March 2007, according to the agency. The surge apparently reflected the growing popularity of Internet banking services in the country.
The FSA also said that 550 cases of money losses caused by counterfeit cash cards were reported in the same April-December period, against 633 for the whole of fiscal 2006, while there were 3,812 cases of money losses stemming from stolen cash cards, down from 6,863.
The agency said it will take stricter countermeasures in cooperation with the National Policy Agency and the financial industry, and is urging the public not to use ID codes that are easy to guess.
JCN
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blvtzpk
Apparently the 'surge' DOES work in some places!
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