By: Monami Yui and Shingo Kawamoto
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Cyberthieves are looting Japanese bank accounts in record numbers, and police say Chinese crime groups are increasingly to blame. Criminals stole 1.85 billion yen ($16 million) from accounts at lenders including Mitsubishi UFJ Financial Group (MTU) and Sumitomo Mitsui Financial Group (SMFG) in the first half of the year, surpassing the full-year record of 1.41 billion yen in 2013, according to Japan’s National Police Agency. Of 133 arrests related to the thefts during that time, Chinese nationals made up the largest group with 83, or 62 percent, almost double the arrests of Japanese. “We see a very deep Chinese connection in these cybertheft cases,” says Arichika Eguchi, the police agency’s director of cybercrime investigations. “Japanese people’s wealth is draining into China.”