Report
GMO Internet Group apologizes after unauthorized access to trading system
Its chair acknowledged a flaw flagged in 2024; his monthly pay is set to fall 30% for three months.
TLDR
GMO Internet Group apologized after unauthorized access to its automated foreign-exchange margin trading system. A subsidiary had raised cybersecurity warnings in 2024, and Chair and CEO Masatoshi Kumagai acknowledged that the company failed to fix a flaw flagged that year. His monthly compensation is set to be reduced by 30% for three months.
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