Hackers Manipulate $700 Million in Illicit Trading Targeting Small and Medium Stocks, Japan Exchange Group Boosts Surveillance

Japanese authorities are investigating a large-scale hacking operation that involved the takeover of securities accounts to manipulate stock prices, primarily targeting small and medium-sized companies. The Japan Exchange Group has intensified its surveillance in response to a surge in account hijacking incidents. The illicit trading spree is estimated to have involved approximately $700 million in manipulated transactions, shaking confidence in the domestic stock market.