Japan’s Hirose FX confirms DDoS attack against platform, website

Maria Nikolova

Hirose FX confirmed that its website and trading platform were targeted by a DDoS attack on Monday, September 18, 2017.

There has been one more announcement about a cyber attack against an online trading company, reiterating the importance of cyber security for the industry. Japanese retail FX broker Hirose Tusyo Inc (TYO:7185), or Hirose FX, has confirmed that it was subjected to a DDoS attack on Monday, September 18, 2017.

The services affected included the corporate website, as well as Hirose FX’s trading tools, such as the LION FX platform. Logging into the platform and accessing the website was hampered for more than an hour on Monday morning. The services were restored at 11:28.

Other online trading companies have been targets of DDoS attacks too. On June 29, 2017, Japanese retail Forex broker Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), said it had fallen victim to a DDoS attack. The cyber attack also happened in the morning. The cyber attack targeted the website of the company, which was unavailable for about 36 minutes.

Also in June, Canadian brokerage Questrade said it was a victim of a DDoS attack, which affected the normal work of its platforms. The company noted that this was not a ‘hack’ and no personal information had been compromised. Early this month, Questrade sought to bolster the security of its customer accounts by introducing a Last login feature. Thanks to this addition, whenever traders log in to their Questrade accounts, they can check information about the last login to their account, such as date, time, and device/browser.

Other companies, such as Saxo Bank, have also aimed at beefing up their safeguards against cyber attacks. In July this year, Saxo said it was making adjustments on how the SaxoTraderGO platform is exposed to the external world. With regard to that, Saxo said it was moving from a reactive to a proactive protection setup, meaning that its service would be presented at a new IP address.

Cyber problems are a costly matter (in financial and reputation terms), as proven by the issues at GMO Payment Gateway Inc (TYO:3769). It took about two months for the websites of two of the clients of GMO Payment Gateway to recover and resume work, following a security breach and a data leak. Preliminary estimates have indicated that the number of “units of information” leaked through the Tokyo Metropolitan Government website was 676,290, including 614,629 email addresses, 61,661 credit card numbers and credit card expiration dates. The number of “units” of credit card information reportedly leaked from the Japan Housing Finance Agency was 43,540, including credit card numbers, credit card expiration dates, security codes, credit card payment registration dates, addresses, email addresses, names, phone numbers, as well as dates of birth and payment joining dates. The numbers have been revised later to avoid doubling of information.

Read this next

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

Industry News

CFTC fines Chinese firms Chinatex and COFCO $720,000 for wash trading

Chinatex traders engaged in wash trading in order to liquidate a long position in the account of an affiliated company and re-establish the position in its own account, to the ultimate benefit of its parent company, COFCO.

Industry News

US-based operation of Brazilian broker XP fined $500,000 for recordkeeping failures

“Proper recordkeeping is vital to protecting our markets and market participants from fraud and manipulation. This case serves as another example of the Commission’s intent to vigorously enforce the recordkeeping obligations of its registrants.”

Digital Assets

Bitfinex announces integration of USDt on Polkadot

Polkadot is the brainchild of British computer programmer and Ethereum co-founder and former CTO Gavin Wood.

Executive Moves

FPG hires ex-Fireblocks Chris Hazelton to head marketing at crypto prime broker

“Chris’s experience as a marketing leader at several exceptional businesses will help us refine our message to an institutional audience that’s overwhelmed with new information and show tangible examples of how we’ve helped customers like them scale successfully in crypto.”

Podcasts

FinanceFeeds Podcast Ep. #6: Gold-i’s Tom Higgins talks efficiency in FX and inner workings of Crypto Switch

On its sixth episode, the FinanceFeeds Podcast welcomed Tom Higgins, the founder and chief executive of trading systems integration provider, Gold-i.

<