From BigGo Finance · BigGo Finance · · 1m
Japan's Iwai Cosmo Securities Cyberattack Exposes 12 Stocks
Japan's Iwai Cosmo Securities cyberattack exposed 12 stocks and 1.25 million shares through unauthorized trading.
In brief
Japan's Iwai Cosmo Securities cyberattack exposed 12 stocks and 1.25 million shares through unauthorized trading. Japan's Iwai Cosmo Securities suffered a cyberattack that executed unauthorized trades on 12 stocks, 1.25 million shares, and 4,975 customers' data. Originally reported by BigGo Finance.
Unauthorized Trading Expansion
Iwai Cosmo Securities unauthorized trading expanded to 12 stocks and 1.25 million shares.
Market Manipulation Suspected
Investigators suspect the cyberattack aimed to manipulate share prices for profit.
Breach Detected on Oct 14
The cyberattack was detected on Oct. 14 with customer data viewable for 4,975 people.
Unauthorized Orders Confirmed
Seven accounts had confirmed unauthorized orders with five executing trades.
System Vulnerability Exploited
The attack exploited inadequate controls blocking external connections to the operator screen.
Login Challenges Recorded
Over 7.3 million failed login attempts occurred from Oct. 15 to 17.
Financial Services Agency Response
Japan's Financial Services Agency began interviewing securities firms to investigate similar breaches.
The key point
Japan's Iwai Cosmo Securities suffered a cyberattack that executed unauthorized trades on 12 stocks, 1.25 million shares, and 4,975 customers' data.
