Lost in Post: Japan Post Loses Personal Information of 214,000 Customers

On December 15, Japan Post announced that it has lost documents containing personal information for a total of 214,000 customers who have traded government bonds and investment trusts at post offices in Japan.

In September last year, Japan Post Bank was hit by a series of security breaches. The amount of money stolen from Japan Post Bank customers’ accounts due to a series of security breaches of seven electronic payment services which utilized Japan Post Bank accounts was around 60 million JPY. Prior to this incident, it was revealed that long-term improper sales practices for Japan Post Insurance products may have caused 183,000 insurance buyers monetary loss.

Partially privatized following the Postal Privatization Law passed in 2005, Japan Post Holdings group is now composed of four main divisions: Japan Post (postal services), Japan Post Bank (banking), Japan Post Insurance (life insurance), and Toll Group (transportation). The Japanese government holds most of the company’s stocks.

Source: Kyodo, Japan Times