Hack of Japanese Brokerage Accounts Raises Alarm Over Trading Security
Japanese online brokerage accounts, notably Rakuten Securities, Nomura, and SBI, were hacked, leading to unauthorized trading. Attackers used phishing methods to steal identities and execute trades. The breach initially affected foreign stocks but has now impacted domestic markets, prompting some trading suspensions.
A recent surge of unauthorized trading activity has compromised numerous online brokerage accounts in Japan, indicating potential criminal exploitation of these accounts for stock market manipulation. The situation became apparent in late March when Rakuten Securities reported several instances of account breaches. Following this revelation, other firms like Nomura Securities and SBI Securities confirmed they had encountered similar security incidents.
The hacking incidents of Japanese brokerage accounts highlight vulnerabilities in online trading security, particularly due to phishing schemes. As attackers impersonate customers to execute unauthorized trades, more firms are acknowledging the threat. Affected companies have taken urgent measures, including suspending certain stock orders to prevent further manipulation.
Original Source: www.japantimes.co.jp
