7-Eleven Japan’s weak app security led to a $500,000 customer loss

7-Eleven Japan’s weak app security led to a $500,000 customer loss

Posted July 6, 2019

7-Eleven Japan’s weak app security led to a $500,000 customer loss

Source: Engadget
By: Mariella Moon
Published: July 6, 2019
* 7-Eleven Japan’s mobile payment app had such poor securitymeasures, the company had to shut it down just a couple of days after itsrelease.
* In an announcement explaining the issue, the company admittedthat hackers were able to break into 900 users’ accounts and to charge 55million yen ($507,000) in illegal purchases to their debit and credit cardson file within that period, from July 1st when the 7pay app rolled out toJuly 3rd when the service was shut down.