Online banking thefts hit Japan firms prompting compensation rethink


  • TECH
  • Tuesday, 03 Jun 2014

BIG THEFT: Hackers stole nearly US$2mil (RM6.45mil) from the online bank accounts of Japanese businesses in April, a surge in theft that has prompted some banks to curtail online services and rethink compensation policies, executives and regulators say. — Reuters

TOKYO: Hackers stole nearly US$2mil (RM6.45mil) from the online bank accounts of Japanese businesses in April, a surge in theft that has prompted some banks to curtail online services and rethink compensation policies, executives and regulators say. 

In April there were 50 cases of theft from online accounts held by Japanese businesses with nearly ¥200mil (RM6.3mil) stolen, according to a person with knowledge of the industry-wide tally, which has not been made public. That was more than the entire previous year. 

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