Japan Seeks to Prevent Financial Fraud Epidemic as Reported Cases and Losses Soar
Record Highs in Financial Losses from Specialized Fraud in Japan
The National Police Agency has released alarming statistics revealing a significant surge in financial losses from specialized fraud in Japan, with reported cases and losses reaching record highs in 2022.
Key Figures:
- Total amount of money lost to fraud: ¥37.1 billion (31.5% increase)
- Number of reported cases: 17,570 (21.2% increase)
Geographic Distribution
The majority of fraud cases were concentrated in major metropolitan areas, with the following prefectures accounting for approximately 70% of all cases nationwide:
- Tokyo
- Kanagawa Prefecture
- Osaka Prefecture
- Chiba Prefecture
- Saitama Prefecture
- Hyōgo Prefecture
- Aichi Prefecture
Types of Fraud
The most common types of fraud included:
- Refund fraud: 4,679 cases
- Ore ore sagi (it’s me, it’s me scams): 4,287 reported cases
- Cash card scams: 3,074 people targeted
Rising Trend among Young Fraudsters
Notably, the number of young fraudsters under the age of 20 increased by 84 year on year, with many recruited online through dark part-time job websites. The majority of these young accomplices played the role of receiving money from victims.
Concerns and Solutions
Experts warn that the rise in financial fraud is a growing concern for Japanese citizens, particularly vulnerable individuals such as the elderly and those living alone. To combat this trend:
- Authorities are urging citizens to remain vigilant and report any suspicious activity to the authorities immediately.
- Measures are being implemented to enhance public awareness and education on fraud prevention, with a focus on protecting vulnerable populations.
By taking proactive steps to prevent financial fraud, Japan aims to protect its citizens from the growing threat of financial losses.