Giftee Group's share price fell sharply, and the company announced that e-gifts sold online had been issued fraudulently. The cause is believed to be unauthorized access to its systems, and e-gifts worth approximately ¥550 million were created without authorization.
Giftee Group's share price fell sharply and was heavily sold in morning trading. The exact situation during trading hours is unclear, but the stock showed a sharp drop over a short period. The company operates an e-gift business that enables users to give vouchers and points online, and also operates in Southeast Asia and the Middle East.
The company announced that its systems had been subject to unauthorized access on the 26th and that e-gifts worth approximately ¥550 million had been issued without authorization. In response, it shut down the systems the same day, blocking further unauthorized issuance. The company explained that users' e-gifts had not been used fraudulently and that no leakage of personal information had been confirmed.