NTT Docomo Inc. will suspend its e-money service for customers of its 35 partner banks after $113,000 were stolen from bank accounts.
The company will compensate victims for the full amounts stolen and make its identity confirmation process stricter for withdrawing money.
Third parties were able to steal bank account numbers and passwords to open NTT Docomo e-money service accounts and steal money from the victims.
It is not clear how information was stolen.
None of the banks said their system networks were compromised, making it possible that phishing emails were used.
At least 10 of the 35 lenders, including Japan Post Bank, Aeon Bank, 77 Bank, Toho Bank, and Chugoku Bank, were hit by 37 cases of improper withdrawals.
The 77 Bank in Miyagi prefecture, Toho Bank in Fukushima prefecture, and Chugoku Bank in Okayama prefecture have reported such cases to local police.
Japan Post Bank said it would stop customers from registering or changing bank accounts to use NTT Docomo's e-money service.
Users can pay for shopping and transfer money among other functions through the NTT Docomo service by linking their bank accounts.
They can send or pay a maximum of $944 per transaction and up to $2830 a month.


Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
Standard Chartered Expands Hedge Fund Access for Wealth Clients
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Shein Targets $26B-$27B Valuation for Hong Kong IPO
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
SK Hynix Shares Surge on Record $28.6 Billion Buyback 



