Japan FSA Says Hacked Online Trading Reaches $700 Million
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Japanese brokerages have reported at least 1,454 cases of hacked trading worth almost ¥100 billion ($700 million) since February, as phishing scams soar in the country, the nation’s financial regulator said.
The number of unauthorized trades reported by brokerages has climbed to 736 in the first 16 days of April, compared with 685 for all of March and 33 in February. So far this month six online brokerages have been affected, the Financial Services Agency said in a press release.