Japanese FX Trader Reports ¥1.8 Million Loss in GMO…
By Abdelaziz Fathi
AI summary of the source article
Japanese FX traders reported unauthorized transactions and losses following a cyberattack on GMO Internet's Onamae.com Desktop Cloud service. GMO confirmed unauthorized access affecting up to 26,739 server environments and announced compensation for verified trading losses.
Why it matters
The distinction matters because "attackers using compromised trading credentials can generate losses through ordinary market orders without directly withdrawing money from a brokerage account."
Key facts
- Up to 26,739 server environments on GMO's Onamae.com Desktop Cloud service were potentially exposed following unauthorized access.
- Individual traders reported unauthorized FX trades, with one user losing approximately ¥1.8 million and another ¥550,000.
- GMO announced it will compensate customers for verified realized trading losses and pay a separate ¥5,000 goodwill payment to all current cloud customers.
Source excerpt · FinanceFeeds
A Japanese foreign exchange trader has reported losing approximately ¥1.8 million ($12,000) after unauthorized transactions appeared in her brokerage account during the cyberattack affecting GMO Internet’s Onamae.com Desktop Cloud service. The 37-year-old woman from Osaka said her trading balance fell from approximately ¥3 million to ¥1.2 million between October 21 and 22. Her account history show…