In a report released on April 18, 2025, Japan’s Financial Services Agency (FSA) revealed that 1,454 stock transactions were conducted through hacked accounts at six securities firms between February 1 and April 16. The total amount of stocks sold and purchased via these hacked accounts amounted to 50.6 billion yen in sales and 44.8 billion yen in purchases. Notably, firms like Nomura Securities and Rakuten Securities were among those affected.
The hack is believed to have been carried out by scam groups who obtained account information through phishing attacks. Customers were tricked into revealing their login credentials after being directed to fake websites resembling those of the securities firms. The fraudsters used the proceeds from selling stocks to purchase shares in Chinese companies, likely to manipulate stock prices for larger profits.
The FSA confirmed that no fraudulent withdrawals of money have been reported from the affected accounts, and urged investors to adopt stronger security measures, including multi-factor authentication provided by the securities firms.
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