#COINCHECK HACK SOFTWARE#

Japan is the only country in the world where corporations pay MS millions just to keep XP unofficially supported because of all the legacy software that the person who made has retired long ago and nobody knows what to do.

#COINCHECK HACK WINDOWS#

If you’re still using Windows XP with IE8 then don’t even bother. Corporate Japan is becoming more vulnerable to cyber attacks at the very time they are moving more and more valuable information onto Internet-connected computers.įrom the Comments on the article on Social Media:.The widespread availability of free, automatic translation tools has changed this.The Japanese language itself provided an effective layer of obfuscation over poor security practices.In the past, Japanese IT systems have been largely spared due to a unique combination of linguistic and system isolation that is now coming to an end.Why Things Are About To Get So Much Worse Documenting, or even fixing, security vulnerabilities provides no immediate benefit (to Engineers).Japanese engineers who alert their firms to security flaws are often taking significant career risk in doing so.Sony executives were forces to apologize in 2011 for the massive theft of personal data from users of the company’s PlayStation Network. Since startups and enterprises both tend to favor compliance over detection and mitigation, there is a wide range of security audit and consulting services available, but penetration testing is rare and expensive.Compliance (is) valued far more than actual security in Japan.Japanese firms have a history of outsourcing their systems, so they often lack… institutional knowledge.CSOs are expected to be skilled at managing technology projects but are not generally expected to have a technical background.Most Japanese CIOs and Chief Security Officers (CSOs) are in their 50s, but these positions are much more junior than in the West.Comments from a Japanese CEO of Japanese security startup:.The person in charge of IT security often has no background in the field.Japanese IT systems have been largely spared due to a unique combination of linguistic and system isolation that is now coming to an end.(IT) Security problems are systemic and deeply interwoven in Japanese business culture.(STR/AFP/Getty Images) Key points and soundbytes: Officials from the Financial Services Agency arrive at Coincheck’s Tokyo headquarters to conduct a search on February 2, 2018. In a nutshell: Japan’s Information Security is very poor, it is endemic to the culture and isn’t changing any time soon. This is a Summary of an article written by BIJ Member, leader in the Tech Startup scene, Podcaster oft featured here on BIJ and longterm Japan resident Tim Romero In January 2018, hackers stole more than $500 million in cryptocurrency from Coincheck, one of the largest crypto exchanges in Japan – the article explains why it happened, and why it is likely to happen again.

Coincheck hack