Key Facts
• On July 17, Mizuho Securities announced measures to restore hacked accounts.
• The company will repurchase fraudulently sold stocks and return them to accounts.
• Compensation will also be provided in cash based on customer circumstances.
• Other major firms, including Nomura, Daiwa, SMBC Nikko, and Mitsubishi UFJ Morgan Stanley, will adopt similar measures.
• SBI Securities, the largest online brokerage, will offer case-by-case compensation without a fixed cap.
• Rakuten Securities also plans to compensate based on individual situations.
Summary
Mizuho Securities has announced measures to address the issue of hacked securities accounts, including restoring affected accounts to their original state by repurchasing fraudulently sold stocks. Compensation in cash will also be provided depending on customer needs. This announcement aligns with similar policies from other major securities firms, such as Nomura, Daiwa, SMBC Nikko, and Mitsubishi UFJ Morgan Stanley, which have committed to account restoration and monetary compensation. Additionally, SBI Securities, the largest online brokerage, and Rakuten Securities have pledged to offer compensation tailored to individual cases, with SBI not imposing a fixed compensation cap. These measures aim to address the growing concerns over online securities account security.
