Business · Companies · 2 hrs ago

Unauthorized access leads to ¥550 million in Giftee e-gift losses

Unauthorized access leads to ¥550 million in Giftee e-gift losses

The Giftee Group said a system run by its subsidiary Giftee was accessed without authorization in Japan.

The intrusion happened on October 25, 2026.

A third party used the system to issue electronic gift tickets, known as e-gifts, without authorization.

The group said about ¥550 million worth of e-gifts were issued fraudulently.

It expects the incident to cause a loss of about ¥550 million, showing the financial impact of the breach.

Giftee plans to record the loss as a special loss in its October-to-December 2026 financial results.

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