April 22, 2025 By Pierluigi Paganini
Japan ’s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts.
Japan ’s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.
“There has been a sharp increase in the number of cases of unauthorized access and unauthorized trading (trading by third parties) on Internet trading services using stolen customer information (login IDs, passwords, etc.) from fake websites (phishing sites) disguised as websites of real securities companies.” reads the FSA’s alert.
FSA warns that cases of unauthorized trading via stolen login data from phishing sites mimicking real securities firms are sharply increasing on online trading platforms.
Below are some data provided by the agency that reflect only currently known cases of unauthorized access and fraudulent trading, however, more undiscovered incidents may exist.
