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FXCM Suffers A Cyber Attack, Client Chats Compromised – Cryptovibes.com – Daily Cryptocurrency and FX News

FXCM Suffers A Cyber Attack, Client Chats Compromised – Cryptovibes.com – Daily Cryptocurrency and FX News


Global forex broker FXCM said that its systems in Israel were partially compromised after an unauthorized person broke into their database. The hacker copied information related to the company’s communication with clients.

FXCM examining the hack

Globes, an Israeli finance and business outlet first broke the news, which was later confirmed on Sunday. FXCM said on Sunday that it had been compromised.

FXCM Suffers A Cyber Attack, Client Chats Compromised
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It wrote, “In the morning, the company became aware that an unauthorized person had broken into the company’s computerized data set and copied information from it, including documenting recordings of conversations between customers and company representatives.”

The firm noted that there was no danger to the account login passwords, customers’ money, or bank accounts to the best of their knowledge. The broker said that the hacker could not break into accounts and its trading platforms were working as usual.

The internal investigation will also be used to analyze the magnitude of the cyber incident and to identify if any customers were affected. They will then be notified of the hack.

No ransom demanded

The hackers have not demanded any ransom for the information they accessed, as is common with hacks of a similar nature. The identity of the hackers is not known yet but access to company and client communications can jeopardize the security of sensitive information. The broker has notified Israeli authorities of the threat.

Brendan Callan, the CEO of FXCM said that the firm is still examining the sources and scope of the hack. The company will provide all affected customers with information regarding their personal data, which was used by the hackers. The Securities Authority (ISA) of Israel has asked the firm to provide all information necessary to determine the scale of the incident. The watchdog said that it is working with the broker as well as the national cybersecurity agencies.

This is not the first time in recent months that a forex broker is compromised in Israel. This kind of incidences is becoming more common as hackers are stealing info from severs, including a huge attack on the Israeli water infrastructure.



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