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GMO Internet Offers 5,000 Yen Compensation After Cyber Breach

Original: GMO Internet Offers 5,000 Yen to All FX Customers After Cyber Breach

Japanese internet and financial services group GMO Internet is offering 5,000 yen to every foreign exchange customer following a cyber breach at its FX business. The payment is being positioned as a goodwill gesture to reassure clients, and the incident has drawn attention to security standards at Japanese online brokerages handling retail currency trading accounts.

Why now: The breach affected a large retail FX customer base, and the unusual blanket compensation payment is drawing attention.

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Evidence

• GMO Internet Offers 5,000 Yen to All FX Customers After Cyber Breach · NDTV Profit

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