Financial Crime Losses and Security Measures Costs
First written in FY2017-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026.
Yokohama Financial Group moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The occurrence of increasingly sophisticated financial crimes, including social media-based investment scams, romance scams and phishing, could require substantial compensation to be paid to affected customers and substantial costs to be incurred for preventive measures. In addition, a loss of customer trust and other factors could affect our Group's business operations, results of operations and financial condition.」
For financial crime risk, social media-based investment scams, romance scams and phishing were specifically listed, and loss of customer trust was identified as an impact factor in addition to compensation and prevention costs. - FY2018RestatedAnnual report
「In light of the frequent occurrence of crimes targeting financial institutions, including the counterfeiting and theft of cash cards, our Group is taking steps to strengthen security to prevent financial crime losses from occurring.」
Reiterated security enhancement against financial crime and the risk of increased compensation and prevention costs. - FY2017-Q3RestatedAnnual report
「In light of the frequent occurrence of crimes targeting financial institutions, including the counterfeiting and theft of cash cards, our Group is taking steps to strengthen security to prevent financial crime losses from occurring. However, if increasingly sophisticated financial crime results in substantial compensation being paid to affected customers, or substantial costs being required for preventive measures, our Group's expenses could increase and affect our Group's results of operations or financial condition.」
Reiterated security enhancement in response to increasingly sophisticated financial crime and the risk of increased compensation and prevention costs. - FY2017-Q2RestatedAnnual report
「In light of the frequent occurrence of crimes targeting financial institutions, including the counterfeiting and theft of cash cards, we are taking steps to strengthen security to prevent financial crime losses from occurring.」
Reiterated security measures against financial crime and the risk of increased compensation and prevention costs. - FY2017-Q1First statedAnnual report
「In light of the frequent occurrence of crimes targeting financial institutions, including the counterfeiting and theft of cash cards, we are taking steps to strengthen security to prevent financial crime losses from occurring.」
The possibility of increased compensation and prevention costs due to the growing sophistication of financial crime was stated.