ChordNews
← All news

Japanese companies move to compensate users after cyberattacks

By ChordNews · First written (new coverage )

Japan companies compensate users as cyberattacks buffet economy
Image: investing.com
Comments 0

Summary

Japanese companies are moving to compensate users after waves of cyberattacks disrupted internet services and raised concerns about economic stability. GMO Internet Group, a Japanese internet infrastructure company, will compensate customers for losses from unauthorised access linked to a cyberattack on its foreign exchange trading service, which one report describes as a cloud service. All customers will receive 5,000 yen (US$32), or about €28, as "an initial gesture of good faith," CEO Masatoshi Kumagai said in a blog post on Sunday. Customers who lost money from unauthorised trading will be compensated for those losses.

Later: Japan's GMO Internet verifies alleged customer data posted by hackers after cloud breach · GMO Offers Up to $1 Million Bounty for Tips on Hackers Behind FX Trading Cloud Breach

Timeline

  1. Investing.com

    Source ↗

    Reports that Japanese companies are compensating users as cyberattacks buffet the economy.

  2. South China Morning Post

    Source ↗

    Reports that GMO Internet will compensate customers for losses from unauthorised access after a cyberattack on its foreign exchange trading service, and that all customers will receive 5,000 yen (US$32) as "an initial gesture of good faith," according to CEO Masatoshi Kumagai's blog post on Sunday.

  3. Euronews

    Source ↗

    Reports that GMO Internet, a Japanese internet infrastructure company, will compensate customers for losses from unauthorised trading linked to a cyberattack on its cloud service, and will make a ¥5,000 (€28) goodwill payment to every customer currently using the affected service.

Comments

No comments yet.

    to like and comment.