Scammers hijack Japan’s 7-Eleven payment app

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In a glaring security lapse, customers of 7-Eleven Stores across Japan have lost millions of yen, after scammers gained access to their online accounts.

The store launched a smartphone app – ‘7pay’ – for cashless payments earlier this week, without realising the security risk.
Using the 7pay app, third parties were able to access the accounts of customers, impersonate those customers, and charge the accounts through the registered credit or debit cards.
Around 900 customers have had their accounts compromised, and lost a combined 55 million yen.

7-Eleven has suspended the service, and promised to reimburse the customers.

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