Japanese police guard ATMs on pension day

Thousands of Japanese police officers have been guarding ATMs around the country today in a bid to stop elderly people falling victim to fraudsters, according to press reports.

  0 Be the first to comment

Japanese police guard ATMs on pension day

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

With pension payments set to be made into accounts today, around 56,000 police have been deployed to guard about 80% of the country's 98,000 cash machines.

Police say conmen have tricked people - mainly pensioners - into transferring more than $211 million to their accounts via ATMs so far this year and there have been 346 related arrests.

The fraudsters pretend they are related to, or know, the victims and claim to have been caught up in traffic accidents or minor crimes. Victims are then tricked into transferring money at the ATM.

Japan Launches Sweeping Anti-Scam Campaign At ATMs - AFP

Sponsored New Event Report – Natural Capital Finance

Comments: (0)

[Webinar] Trusted Transactions: The Future of Risk-Based AuthenticationFinextra Promoted[Webinar] Trusted Transactions: The Future of Risk-Based Authentication