Mizuho Bank says worker stole safe-deposit box valuables in 2019

I would assume charges are pending. Does the bank have to reimburse the loss and isn't it a secret what people actually put in the boxes? Never used so just asking.

Didn't this happen a few times last year too?

"Mizuho Bank says worker stole safe-deposit box valuables in 2019."

Transparency is a great thing in business. Its good to see Mizuho Bank didn't try sweeping it under the lag.

Deposit boxes in the west need two keys to open them.

Reporting now?

Looks like Japanese banks have internal security issues. A third-party audit should be conducted industry wide.

Makes you wonder what was in the boxes that the owners were so willing to keep it all secret?

Mizuho? Is this surprising? These clowns are the joke of the industry. We'll also probably see another IT failure at their ATMs again in about a year.

"In consideration of its relationship with customers"?

Mizuho, thank you for caring about your customers. You are so considerate.

Is it possible Mizuho was more worried about losing customers if they knew how insecure the bank was?

That's SOP at these types of institutions here. Keep it as quiet as possible, wait for a while, then ramble about safety or relationships with customers blah blah blah. Bow deeply on TV. Then back to doing as they always have with little or no added protections and no transparency.

Especially since middle of 2010's, power person such as PM or ruling party politicians can escape penalty about no matter how illegal or unjust acts, large corporations are following it. in such country, it's a kind of inevitable that people who want to benefit even if it's illegal are increasing.

Even Japan safes are not safe.

Even Japan safes are not safe.

Most Safe Deposit boxes aren't safe. The fine print in the agreements often says they have little to no duty to do anything if your valuables are stolen. The locks aren't difficult to pick and banks prefer to have a smith drill the lock out over picking to make the customer feel better.

"We will consider further enhancing our management system," the official said.

consider??

In 2019? In other word, we were caught by a shunkan, better to announce it before...

one bank hits the news with this kind of thing, so the other banks choose to stick their dirty laundry out at the same time in the hope people don't notice.....