100 million yen lost in phishing scam posing as Ryukyu Bank; fake phone calls induce transfer to other bank; Okinawa Prefectural Police investigate

The Bank of the Ryukyus announced on the 1st that several corporations using the bank's corporate internet banking service "Ryugin Biz Net" had suffered losses of at least 100 million yen due to fraudulent remittances to other banks via automated voice calls pretending to be from the Bank of the Ryukyus. Losses of up to 50 million yen have been confirmed in one case.