Hackers Hijack Japanese Brokerage Accounts, Causing Over 500 Billion Yen Loss Including 70 Million Yen Theft in Two Hours

Hackers in Japan have been increasingly hijacking online brokerage accounts to manipulate share prices for their benefit. The financial impact of these cyberattacks has surpassed 500 billion yen. One incident involved a company losing 70 million yen within just two hours following a phone call, highlighting the attackers' deep knowledge of banking systems and vulnerabilities. IT journalist Hiroshi Mikami noted that the perpetrators are well-versed in the systems they exploit, enabling swift and targeted thefts. The trend of account hijackings continues to rise, posing ongoing risks to investors and companies in Japan's financial sector.