TOKYO -- Six companies, including NTT Docomo and Line Pay, are launching an information-sharing initiative to prevent fraud on smartphone-based payment services, Nikkei has learned.
The move comes amid a surge in phishing, which fraudsters use to steal IDs, passwords and account numbers by directing users to fake websites. According to the Council of Anti-Phishing Japan, the number of reported cases jumped to over 224,000 in 2020, four times the number in the previous year, and reached 460,000 in the January-November period of 2021.
