coinedition.com
IG Japan Enforces Mandatory 2FA to Combat Phishing Surge
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IG Securities, a Japanese subsidiary of IG Group, has mandated two-factor authentication (2FA) for all clients by June 2026 due to a rise in phishing attacks. Clients who do not enable 2FA will be locked out of their accounts. This decision follows recent incidents of mishandled client data, affecting over 162,000 clients, which has raised concerns about account security. The firm advises clients to complete the 2FA setup using authentication apps like Google Authenticator. The implementation is expected to increase security for crypto and CFD customers, while the company also suspended new vanilla options trades for retail clients. Support teams may experience a surge in requests as the deadline approaches.
Key Points: • IG Securities mandates 2FA for all clients by June 2026 to enhance security. • Clients who do not enable 2FA will be locked out of their accounts. • The firm recently mishandled client data affecting over 162,000 individuals.