Stock Markets and Power Grids issues
Hackers Manipulate Markets in $700 Million Illicit Trading Spree
Aya Wagatsuma, Ryo Horiuchi and Takashi Nakamichi
Mon, April 28, 2025 at 7:12 AM MST 7 min read
(Bloomberg) — Criminals are hijacking online brokerage accounts in Japan and using them to drive up penny stocks around the world. The wave of fraudulent trading has reached ¥100 billion ($710 million) since it started in February and shows no signs of cresting. The scams typically use the hacked accounts to buy thinly traded stocks both domestically and overseas, allowing anyone who has built up a position earlier to cash out at inflated values. In response, some Japanese securities firms have stopped processing buy orders for certain Chinese, US and Japanese stocks. Eight of the country’s biggest brokers including Rakuten Securities Inc. and SBI Securities Co. have reported unauthorized trading on their platforms. The breaches have exposed Japan as a potential weak point in efforts to safeguard global markets from hackers.They also threaten to undermine the Japanese government’s push to get more people to invest for their retirement, particularly since some victims say they are baffled as to how their accounts were broken into and the securities companies have so far largely refrained from covering the losses.
Internet services giant Cloudflare says it mitigated a record number of DDoS attacks in 2024, recording a massive 358% year-over-year jump and a 198% quarter-over-quarter increase.
These figures come from Cloudflare’s 2025 Q1 DDoS Report, where the company says it mitigated a total of 21.3 million DDoS attacks in 2024.
However, 2025 is looking to be an even bigger problem for online entities and companies, with Cloudflare already responding to 20.5 million DDoS attacks in just the first quarter of 2025.
These attacks include Cloudflare itself, whose infrastructure was targeted directly in 6.6 million attacks over an 18-day multi-vector campaign.
Internet services giant Cloudflare says it mitigated a record number of DDoS attacks in 2024, recording a massive 358% year-over-year jump and a 198% quarter-over-quarter increase.
These figures come from Cloudflare’s 2025 Q1 DDoS Report, where the company says it mitigated a total of 21.3 million DDoS attacks in 2024.
However, 2025 is looking to be an even bigger problem for online entities and companies, with Cloudflare already responding to 20.5 million DDoS attacks in just the first quarter of 2025.
These attacks include Cloudflare itself, whose infrastructure was targeted directly in 6.6 million attacks over an 18-day multi-vector campaign.
Link Markets
https://finance.yahoo.com/news/hackers-manipulate-markets-700-million-141234302.html
Link CloudFare
https://www.bleepingcomputer.com/news/security/cloudflare-mitigates-record-number-of-ddos-attacks-in-2025/
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