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3 Online Brokerages to Cover Half of Damage from Account Hacking

3 Online Brokerages to Cover Half of Damage from Account Hacking

   Tokyo, July 26 (Jiji Press)--Three major online brokerage firms have announced that they will compensate customers for half of damage caused by account hacking.
   SBI Securities Co. and Rakuten Securities Inc. separately said Friday that they will cover 50 pct of realized or unrealized losses on stocks purchased in hacked accounts and fully refund commission fees for such transactions. Meanwhile, they will not compensate for cases in which stocks held in hacked accounts since before the hack were sold, since the proceeds remain in the accounts.

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AFP-JIJI PRESS NEWS JOURNAL


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