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Cybercrime on the Rise in Japan’s Finance Industry
As the Japanese economy shifts towards a cashless society, cybersecurity has become a growing concern for businesses and individuals alike. According to recent statistics, cybercrime cases have been increasing steadily over the past few years, with fraud being the most common type of cleared case.
The Rise of Cybercrime in Japan
In 2020, the suicide of professional wrestler Hana Kimura brought attention to the issue of cyberbullying in Japan. Since then, the police have reported a surge in ransomware attacks aimed at businesses and online banking frauds, with losses totaling over 8.7 billion Japanese yen in 2023 alone.
Government Response
The government has responded by establishing a new bureau dedicated to combating cybercrimes within the National Police Agency. Additionally, companies are taking proactive measures to protect themselves against online threats, with nearly all businesses surveyed having implemented information security measures such as installing anti-virus programs on their devices.
The Importance of Cybersecurity
As the reliance on connected devices continues to grow, cybersecurity experts predict that cybercrime will only become more sophisticated and widespread. Therefore, it is crucial for both individuals and businesses to stay informed about the latest trends and threats in order to protect themselves from falling victim to these crimes.
Online Banking and Credit Card Fraud
The value of damages caused by online banking frauds has been steadily increasing over the past few years, with losses totaling over 5.6 billion Japanese yen in 2023 alone. The majority of victims are individuals, with businesses accounting for a smaller but still significant portion.
- Common methods used by fraudsters:
- Using stolen credit card numbers
- Creating counterfeit cards
Phishing SMS
A recent survey found that nearly one-third of smartphone owners in Japan have received a phishing scam SMS at some point. The majority of these scams involve attempting to steal personal information such as login credentials and financial data.
Security Measures of Companies and Households
The majority of companies surveyed have implemented cyber security measures, with the most common being firewalls and intrusion detection systems. However, many individuals still do not take adequate measures to protect themselves from online threats.
- Importance of prioritizing cybersecurity:
- Protecting businesses from falling victim to crimes
- Staying informed about latest trends and threats