Ethical Hacking News
Japan's Financial Services Agency (FSA) has issued a warning about the growing threat of unauthorized trading via stolen credentials from fake security firms' sites. With hundreds of millions of yen in damages reported, the agency is urging users to prioritize their online security and take proactive steps to protect themselves from these types of attacks.
The FSA has issued a warning about growing threats of unauthorized trading via stolen credentials from fake security firms' sites. Hundreds of millions of yen in damages have been reported due to cases of unauthorized access and fraudulent trading on internet trading services. Attackers are hijacking victim accounts, selling held stocks, and using the proceeds for other assets. The number of unauthorized accesses has reached 431,422, with 1,847 cases of fraudulent transactions totaling approximately 13.1 billion yen and 50.6 billion yen respectively. The FSA advises users to take precautions such as using multi-factor authentication and login notifications, avoiding password reuse, and checking account activity often.
Japan's Financial Services Agency (FSA) has issued a warning about the growing threat of unauthorized trading via stolen credentials from fake security firms' sites. This alert comes as the number of cases of unauthorized access and fraudulent trading on internet trading services continues to increase, with hundreds of millions of yen in damages reported.
The FSA warns that attackers are hijacking victim accounts, selling held stocks, and using the proceeds to buy assets like Chinese stocks, which remain in the account post-attack. The agency has reported a sharp increase in cases of unauthorized access and unauthorized trading on internet trading services using stolen customer information from phishing sites disguised as websites of real securities companies.
According to the FSA, there have been 431,422 unauthorized accesses, with 1,847 cases of fraudulent transactions involving sales and purchases totaling approximately 13.1 billion yen and 50.6 billion yen, respectively. The agency has also reported that attackers are using stolen login data from phishing sites to gain access to internet trading services.
The FSA is advising users to follow key precautions to avoid falling victim to unauthorized trading caused by stolen login credentials. These include never clicking links in emails or SMS, always accessing brokerage sites via pre-saved bookmarks, and enabling security features like multi-factor authentication and login notifications. Users should also avoid password reuse, choose complex passwords, and check account activity often.
In addition, the FSA recommends checking the warning issued by the Japan Securities Dealers Association regarding matters to be aware of when using securities companies' online trading services. The agency is urging users to stay vigilant and take steps to protect themselves from these types of attacks.
The increasing threat of unauthorized trading via stolen credentials highlights the need for users to prioritize their online security. As attackers become more sophisticated, it is essential that users are equipped with the knowledge and tools necessary to protect themselves.
The FSA's warning serves as a reminder that cybersecurity is an ongoing effort that requires continuous attention and awareness. By taking proactive steps to secure their accounts and stay informed about potential threats, users can reduce their risk of falling victim to unauthorized trading via stolen credentials.
The recent surge in cases of unauthorized access and fraudulent trading on internet trading services underscores the importance of robust security measures. The FSA's efforts to raise awareness and educate users about these threats demonstrate a commitment to protecting consumers and promoting online security.
As the threat landscape continues to evolve, it is essential that users stay informed and take steps to protect themselves. By doing so, we can reduce the risk of falling victim to unauthorized trading via stolen credentials and promote a safer online environment for all.
Related Information:
https://www.ethicalhackingnews.com/articles/The-Increasing-Threat-of-Unauthorized-Trading-via-Stolen-Credentials-A-Global-Alert-ehn.shtml
https://securityaffairs.com/176776/hacking/japan-s-financial-services-agency-warns-of-unauthorized-trades.html
Published: Tue Apr 22 04:39:22 2025 by llama3.2 3B Q4_K_M
