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Japan’s Cybercrime Underground Reports increased 40% in one year.

Prime Minister Shinzo Abe attended the ASEAN-Japan Ministerial Policy Meeting on Cyber Security Cooperation held in Tokyo, last September Photo Credit to japan.kantei.go.jp

Prime Minister Shinzo Abe attended the ASEAN-Japan Ministerial Policy Meeting on Cyber Security Cooperation held in Tokyo, last September
Photo Credit to japan.kantei.go.jp

According to DARKREADING “Japan’s cybercrime operations mainly target Japanese citizens. But their interest in banking malware, ransomware and DDoS tools would indicate their targets could go global”, ┬áKelly Jackson Higgins writes in her article.

“Reports of cybercrime in Japan are on the rise: as of March 2015, the number of reports of possible online crime have increased 40% over the previous year, according to data from Japan’s National Police Agency. Online bank fraud has resulted in losses of $24 million in 2014, and the cost of online fraud to Japanese banks was $13 million in the first half of this year. Pilfered banking credentials were the likely culprit, Japanese officials say.”

“For a country that has a relatively high Internet penetration rate of 86% off a base population of nearly 127 million, a 40% increase is a big deal,” Trend Micro wrote of Japan’s increase in cybercrime”. READ ARTICLE HERE