Japan Securities Dealers Association and 10 Major Brokerages to Partially Compensate Victims of Securities Account Hijacking

Japan's leading securities industry bodies, including the Japan Securities Dealers Association and 10 major brokerage firms, have announced plans to compensate customers affected by a recent surge in securities account hijackings. This wave of fraudulent trades, executed through compromised accounts, has led the firms to adopt a policy of partial compensation for victims. The decision reflects growing concerns over online fraud targeting securities accounts and marks a coordinated response by key players in Japan's brokerage sector to address the issue.