FXCM, a leading online provider of foreign exchange trading is back in the headlines again. It announced Thursday that it was the victim of a criminal cybersecurity incident involving unauthorized access to customer information. Company officials said its systems were hacked and a small number of unauthorized wire transfers were made from customer accounts. The FBI has been immediately alerted to the threat and is conducting an investigation. The firm is also working with a leading cybersecurity firm to determine the scope of the incident.
All funds have been returned to the appropriate accounts and the customers have been contacted.
NYSE Notification
The company's shares were down 4.6 percent, a 25 percent drop. The stock has fallen about 95 percent this year due mainly to losses stemming January’s removal of the cap on the Swiss franc by the Swiss National Bank.
In September, the company was notified by the New York Stock Exchange that it was not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual of the New York Stock Exchange. FXCM assured its clients that the action by the NYSE should have little effect on customer satisfaction and that it will continue to offer top services to its 220,000 active accounts worldwide.
FXCM follows several other U.S. corporations that have become victims of a cybersecurity attack which include Target Corp, Apple Inc. and JPMorgan Chase & Co.
FXCM is a regulated foreign exchange provider headquartered in New York with offices around the globe in places such as the U.K., Japan, Hong Kong, France, Italy, and Australia. It has been listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row.