Business · Companies · 12 hrs ago

GMO to book ¥3.05 billion for customer payments after cyberattack

GMO to book ¥3.05 billion for customer payments after cyberattack

GMO Internet Group plans about ¥3.05 billion in customer payments after a subsidiary was hit by a cyberattack.

The incident involved its Onamae.com Desktop Cloud service and unauthorized transactions in customers’ foreign-exchange accounts.

GMO said it will set aside ¥3 billion for affected users and ¥54 million as goodwill payments for all customers.

By Thursday, it had received claims for 2,943 accounts totaling ¥2.99 billion.

The company said attackers also posted information about an account holder online after GMO refused a ransom demand, but it reported no further damage.

The payments address losses and damage to customer trust, which the company said mattered beyond the financial cost.

GMO has insurance cover of up to ¥1.1 billion and is checking whether it applies; it has not given an earnings outlook for 2026 because market movements make forecasting difficult.

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What people are saying

Masashi YasudaGMO Internet Group chief financial officer
We deeply regret the damage wrought to the trust of our customers and society, which outweighs the financial amount involved.
via Mainichi EN