Japanese companies compensate users as cyberattacks buffet economy
Reported by Economic Times Tech, not nibnow. We are not the publisher of this story, only the source is.
Customers of GMO Internet Group's foreign exchange trading service will receive compensation for losses caused by a recent cyberattack, directly affecting their finances.
GMO Internet Group said customers would be compensated for losses stemming from unauthorised access following a cyberattack on its foreign exchange trading service, and all customers would receive 5,000 yen ($32) as "an initial gesture of good faith," CEO Masatoshi Kumagai said in a blog post on Sunday.
GMO Internet Group operates a foreign exchange trading platform in Japan, and cyberattacks on financial services can lead to unauthorized access and monetary loss for users.
- •Whether GMO announces additional compensation amounts or processes for affected customers
- •Any regulatory investigation or guidance issued in response to the breach
- •Potential security upgrades or service changes announced by GMO to prevent future attacks