GMO Refuses to Pay $50 Million Cyberattack Ransom

GMO Internet Group President Masatoshi Kumagai revealed that attackers responsible for unauthorized access to servers used for foreign exchange trading and other services had demanded $50 million, equivalent to approximately 7.9 billion yen, with the company refusing to comply. (News On Japan)

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.