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21 million USD stolen by way of phishing scams in Japan in H1

TOKYO, Aug. 8 (Xinhua) — Phishing scams in Japan within the first half (H1) of 2023 resulted in unauthorized cash transfers totaling round 3 billion yen (about 21 million U.S. {dollars}), the National Police Agency (NPA) mentioned Tuesday.

A file 2,322 scams primarily involving phishing this yr have induced monetary loss nearing the file excessive of three.07 billion yen (about 21.4 million U.S. {dollars}) registered in 2015, based on a report by the NPA.

The surge in instances comes as web banking expands and phishing emails turn into more and more subtle, mentioned the NPA, including that monetary establishments, notably these with out bodily branches, have been hit particularly onerous within the first half of this yr.

Phishing emails and textual content messages aiming to steal web banking IDs and passwords sometimes impersonate monetary establishments and redirect customers to counterfeit web sites.