1,574 Users Lost 32.2 M. Yen in 7pay Hack

Economy

Tokyo, July 16 (Jiji Press)--Seven & i Holdings Co. <3382> said Tuesday that a recent security breach of convenience store unit Seven-Eleven Japan Co.'s 7pay smartphone payment service has resulted in 1,574 users losing a total of about 32.4 million yen as of 5 p.m. Thursday (8 a.m. GMT).

The figures may change as the investigation is ongoing.

The parent holding company earlier estimated losses of some 55 million yen affecting about 900 7pay users, based on assumptions that users deposited 10,000 yen or more into their accounts with their credit cards. The estimates were announced on July 4, immediately after the hack came to light.

Since the payment service's launch on July 1, many 7pay users have seen their accounts hacked by third parties. User registrations for 7pay were suspended on July 4.

The Seven & i group is seeking to set up sweeping safety measures with the help of outside experts, but a full restart of the service is nowhere in sight.

[Copyright The Jiji Press, Ltd.]

Jiji Press