Shopping Sites: Police and Reports

shopping sites: Reports related to unauthorized computer access and viruses stood at 6,848, followed by those linked to email spam at 6,483, including scams in which recipients were told they would inherit large sums of money, according to The Japan Times. A total of 23 cases involving theft of bitcoin and other virtual currency accounts were reported to police, with close to 59.2 million confirmed as having been stolen. The police say they received 69,977 reports in the January to June period, up 4.9 percent from a year earlier and the highest since 2001 when comparable data became available. ; The leading category of reports, which account for 36,729 cases, involved fraud and other malicious businesses practices to swindle customers of online shopping sites, the police data showed. In such cases, virtual currencies are believed to have first been transferred to different accounts before being converted to cash. Meanwhile, reports of illicit money transfer involving internet banks drastically fell by 645 cases from a year earlier to 214 cases. Reports of such crimes have surged since May and the police fear an increase due to the more widespread use of virtual currencies. (news.financializer.com). As reported in the news.