Cyberscams Totaling $710 Million Shake Japan’s Stock Markets
Japan’s financial sector faces a mounting crisis as cybercriminals exploit brokerage vulnerabilities, executing fraudulent trades worth ¥100 billion ($710 million) since February. Eight major firms reported unauthorized transactions, with incidents spiking dramatically in April. The government is now pressing for compensation talks.
Attackers employ sophisticated tactics—man-in-the-middle interceptions and information-stealing malware—to hijack trading accounts. This breach highlights systemic security gaps in traditional finance, contrasting sharply with blockchain’s Immutable ledger protections.