Japanese online brokerage accounts hacked in growing scandal

Japanese online brokerage accounts hacked in growing scandal

Rakuten Securities has disclosed a series of account takeovers, with Nomura Securities, SBI Securities and other firms also confirming similar incidents.

Hackers Take Over Accounts at Japan Securities Firms, Make Illicit Stock Trades in Apparent Bid to Raise Prices

A series of crimes has occurred in which hackers took over individual investors’ accounts with securities companies and made illegal stock trades. The criminals are believed to be using the accounts to manipulate stock prices, raising the prices of specific shares by purchasing large numbers of low-priced stocks that are not usually traded actively.