Japanese Online Service Company GMO Apologizes for Security Breaches and Promises Compensation
The company will explain customer losses and steps to prevent more unauthorized trades after the attack on its foreign exchange trading service.
- On Monday, GMO Internet Group CEO Masatoshi Kumagai held a news conference in Tokyo to address unauthorized access incidents affecting the Onamae.com Desktop Cloud service, which provides servers for automated foreign exchange margin trading.
- GMO acknowledged that attackers deployed ransomware by exploiting systemic weaknesses the company failed to address despite internal warnings issued in April 2024.
- The company confirmed more than 26,000 cases of unauthorized access, with one victim losing 4.3 million yen after roughly 50 trades were executed in roughly 3 minutes.
- Group CEO Kumagai Masatoshi apologized for the security breaches, announcing a 30% pay cut for three months and promising to pay 5,000 yen to all affected customers.
- Prime Minister Sanae Takaichi promised to beef up Japan's cybersecurity measures, while GMO is offering $1 million for information leading to the arrest of the attackers, having already received more than 400 submissions.
24 Articles
24 Articles
Santa Maria Times
Independent EspañolTOKIO (AP) — Japan’s online service company GMO Internet Group apologized on Monday for recent security breaches stemming from cyber attacks, while promising to prevent repeat and compensate victims.
Japanese online service company GMO apologizes for security breaches a
TOKYO (AP) — Japanese online service company GMO Internet Group apologized Monday for recent security breaches from cyberattacks, while promising to prevent a recurrence and compensate victims. Chief Executive Masatoshi Kumagai and other GMO executives bowed deeply
Japanese online service company GMO apologizes for security breaches and promises compensation – WTOP News
TOKYO (AP) — Japanese online service company GMO Internet Group apologized Monday for recent security breaches from cyberattacks, while promising to prevent a recurrence and compensate victims. Chief Executive Masatoshi Kumagai and other GMO executives bowed deeply repeatedly, as is the custom here, at a news conference in Tokyo. GMO confirmed that unauthorized access to...
The Toronto Star
Japanese online service company GMO apologizes for security breaches and promises compensation
TOKYO (AP) — Japanese online service company GMO Internet Group apologized Monday for recent security breaches from cyberattacks, while promising to prevent a recurrence and compensate victims.
GMO Internet Group will hold a press conference in Tokyo at 3:30 p.m. on the 2nd regarding unauthorized access to "Onamae.com Desktop Cloud," a cloud service provided by its subsidiary GMO Internet. Masashi Kumagai…
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