GMO offers 5,000 yen to users after cyberattack hits FX service
What's new: GMO shares fell about 14% to 15% as Japan formed an AI-led team to test systems after wider PHP-linked attacks.
Japanese companies are starting to compensate customers after a wave of cyberattacks disrupted services and exposed weaknesses in data protection. GMO Internet Group said users of its foreign exchange trading service will be reimbursed for losses tied to unauthorized access, and all customers will get 5,000 yen, about $32, as an initial payment. The company also plans to offer a free alternative service for six months. GMO said attackers demanded money and threatened to release company and customer information, but it will not pay. The incident came as Japan moved to set up a team to simulate cyberattacks using AI after critical flaws in PHP triggered millions of hacking attempts and knocked websites offline in Japan, Europe and elsewhere.