The value of damages caused by online banking fraud in Japan amounted to more than 8.7 billion Japanese yen in 2023. The number strongly increased compared to 2022.
Surge in online banking frauds in 2019
The amount of money lost due to online banking fraud in Japan decreased between 2016 and 2018 due to improved security measures at financial institutions. However, a surge in the number of online banking fraud cases was detected in 2019, with many cases being related to SMS messages and e-mails that impersonated trusted institutions and led customers to phishing websites. Next to cases involving institutions such as banks, there were also cases confirmed in which victims were led to phishing websites via messages impersonating home delivery services and online shopping services. In some instances, fraudulent apps were installed on smartphones. Next to fraudulent remittances, methods involving crypto-assets, electronic money, and the charging of prepaid cards were also confirmed. A breakdown of online banking fraud victims shows that the overwhelming majority of victims in 2019 were individual persons.
Cyber crime as a challenge
As the internet has become increasingly important in people’s daily lives and the spread of smartphones has made mobile internet use highly convenient, crimes using the internet have become a major challenge for Japanese law enforcers. While Japan had been criticized earlier for a lack of measures, the Tokyo Olympics as well as the government vision of an increasingly interconnected “Society 5.0” provided an important impetus to improve cybersecurity in the country. The number of cleared cyber crime cases gradually increased during the latter half of the 2010s. Crimes involving financial damages include a variety of offenses, such as violations of the copyright law, frauds, and ransomware. According to a survey, a large proportion of Japanese companies have experienced damage of some sort due to cybercrimes, which also presents a market opportunity for companies offering protection measures.
Value of damages caused by online banking fraud in Japan from 2014 to 2023
(in billion Japanese yen)
The number of cleared cases refers to cases that can be classified as cybercrimes. Cybercrimes are defined as crimes that use advanced information and communications networks as an indispensable means.
100 Japanese yen equal 0.64 U.S. dollars or 0.59 euros as of June 2024.
Values have been rounded.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
National Police Agency (Japan). (March 14, 2024). Value of damages caused by online banking fraud in Japan from 2014 to 2023 (in billion Japanese yen) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/
National Police Agency (Japan). "Value of damages caused by online banking fraud in Japan from 2014 to 2023 (in billion Japanese yen)." Chart. March 14, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/
National Police Agency (Japan). (2024). Value of damages caused by online banking fraud in Japan from 2014 to 2023 (in billion Japanese yen). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/
National Police Agency (Japan). "Value of Damages Caused by Online Banking Fraud in Japan from 2014 to 2023 (in Billion Japanese Yen)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/
National Police Agency (Japan), Value of damages caused by online banking fraud in Japan from 2014 to 2023 (in billion Japanese yen) Statista, https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/ (last visited October 09, 2024)
Value of damages caused by online banking fraud in Japan from 2014 to 2023 (in billion Japanese yen) [Graph], National Police Agency (Japan), March 14, 2024. [Online]. Available: https://www.statista.com/statistics/866223/japan-online-banking-fraud-damage-sum/