Hackers have just stolen US$500,000 from this mobile payment app
7-Eleven’s mobile payment feature on its app, 7Pay, was only recently launched by 7-Eleven Japan on July 1—the feature allows customers to scan a barcode and pay using a credit/debit card that is linked to the app.
However, a week is all it took for hackers to cheat the system and steal half a million U.S. Dollars, it seems. A customer first reported that they noticed a charge that they didn’t make on the app, andThe way it works, the hacker would use the user’s date of birth, phone number, and email, and send a password reset request to another email address. This issue is further exacerbated by the fact that the 7Pay app lists users’ DOB as January 1 2019 if the DOB section wasn’t filled by the user.
According to 7-Eleven Japan, approximately 900 individuals had their accounts hacked, and a total of 55 million yen was fraudulently charged to their apps; the entire process seems to have been automated by the hackers. 7-Eleven Japan has suspended the feature in the meantime, and has also warned users on 7Pay’s website. Along with that, new registrations are also suspended for now.
However, it seems that this is an isolated incident for now. A representative of Japan’s Ministry of Economy, Trade and Industry has said that 7-Eleven didn’t follow standard security protocols/guidelines when developing the app, while two individuals have already caught using one of the hacked accounts. The authorities believe that they may be linked to a Chinese crime ring, but nothing is concrete as of yet.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Redmi Airdots TWS can be yours for below RM70 | SoyaCincau.comLooking for a pair of truly wireless earbuds? The Redmi Airdots are now on sale for less than RM70! Here's where you can get one.
Read more »
Astro GO is finally updating its ancient-looking interface | SoyaCincau.comAstro GO is rolling out an update that brings a fresh of its user interface, with some added features included as well.
Read more »
The latest iPod Touch is now available in Malaysia | SoyaCincau.comshares Facebook Twitter Google+ WhatsAppApple’s new 7th gen iPod Touch has finally arrived in Malaysia. This is a refreshed device that is powered by a newer Apple A10 Fusion chip. If you need more storage, the new iPod is also available with up to 256GB of storage. The base 32GB model is priced at RM899 …
Read more »
Samsung's new Galaxy tablet supports LTE for less than RM600 | SoyaCincau.comSamsung has just announced a new, affordable tab—the Samsung Galaxy Tab A. This version wil feature LTE support, and offers a cheaper alternative to Samsung's other models.
Read more »
Vivo is launching a new smartphone lineup and it looks very familiar | SoyaCincau.comshares Facebook Twitter Google+ WhatsAppVivo Malaysia has dropped a new teaser which indicates a new Vivo S series is coming very soon. According to Vivo, the device will feature an in-display fingerprint sensor and it will have a different hardware spec from its China market. In their home market, Vivo had introduced the S1 and …
Read more »
You can now buy the Xiaomi CC9 in Malaysia | SoyaCincau.comshares Facebook Twitter Google+ WhatsAppIf you want a new selfie smartphone, the Xiaomi CC9 is now available in Malaysia through retailer Mobile2Go. This is Xiaomi’s new youth-centric lineup that comes with all of your essential features and it even has a 32MP front camera. The base 6GB RAM + 64GB storage model is going for …
Read more »