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7-Eleven Japan's weak app security led to a $500,000 customer loss
7-Eleven Japan's mobile payment app had such poor security measures, the company had to shut it down just a couple of days after its release. In an announcement explaining the issue, the company admitted that hackers were able to break into 900 users' accounts and to charge 55 million yen ($507,000) in illegal purchases to their debit and credit cards on file within that period, from July 1st when the 7pay app rolled out to July 3rd when the service was shut down.
