RetireJapan

So if you want to, you just upload a 3000 yen gift card to your account and you are not having to worry about registering your credit card or bank account card...

gaijin86 wrote: ↑Sun Oct 20, 2024 12:06 am 2factor code involved?

This exactly. Although 2FA isn't 100% full proof, it's as close to foolproof as most of us can get. I wouldn't dream of using any kind of online banking or payment system or email that didn't offer it. Not sure how widely it is used in Japan, but in the UK at least I don't think you can do banking transaction without it.

BTW, this is just a general comment, no idea of the specifics of the specific fraud discussed in this thread, definitely not trying to victim blame.

Hello all,

Update here! Just to be clear, this didn't happen through my own personal apple account. It took place through several fraudulent Apple Store accounts across the World (and Japan) but all used my card. In fact I didn't even store this card on my Apple account. It's still a mystery as to how they got my card details and whether it's my own fault, or whether the bank itself had a leak of information. I guess I'll never know.

What I do know though is that 308 transactions all exactly the same were allowed to take place under GMO's watch. No email came through about strange activity (although I wasn't checking my emails on those days), no phone call and no automatic freezing. It's funny now, I think back to the UK and how often my card got mistakenly frozen and how frustrating it could be but now I'm so thankful that UK banking is over sensitive rather than under sensitive.

I have exhausted all options with Apple now. They have refunded 82,450 yen out of approximately 870,000 yen. The rest is up to GMO themselves, it looks positive but I don't yet feel 100% certain. I should know in the next few days. They've said they will initiate the chargeback process when the talks with apple have finished. So now it's game time. I'm keeping communication neutral for now, but will switch to anger + lawyer if the time comes.

My conclusion is though, be careful out there. Japan may not have the same security as we do back home when it comes to banking. I will not store excess cash in bank accounts other than my JP post since it doesn't have any modern features (still a cash book haha). Keep direct debit emails turned on (I switched it off as it clutters my email - yes, maybe my mistake, but again, didn't check my email during those 72 hours other than work emails). I don't believe they have an automatic freezing system at GMO, the only security is you monitoring your own emails.

I have transferred all remaining money out of GMO personal and GMO business. I have applied to Resona Bank instead. Whether that changes anything I don't know but I'll feel better and will be changing my practices.

I really hope the money comes back eventually, it says up to 8 months. I just really want to get a firm confirmation. I don't care how long it takes (well I do), I just want it back. Didn't help that I upgraded my camera the day before!

Stay safe out there, seems I'm not alone...

https://www.reddit.com/r/japanlife/comm ... _card_use/

Cheers,
Sam

The key caution here is: Do not use a debit card online. Instead, use a credit card or a prepaid card.

Consumer protection and fraud protection are the central benefits to credit cards, all the points are just a nice bonus. And the credit function should also be avoided too I would argue!

I fear this would play out the same with other banks, here in Japan, or elsewhere.

I don't even have a debit card in Japan. Have a UK one, but only use that when I go back.