Daily Market Updates: Japan companies to compensate customers after major cyberattacks

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Japan companies to compensate customers after major cyberattacks

Reported · Written up by our desk · North America

Japanese companies are moving to pay compensation to ⁠users following waves ⁠of cyberattacks that have disrupted internet ⁠services and raised concerns about economic stability. GMO Internet said customers would be compensated for losses stemming from unauthorised access following a cyberattack on its foreign exchange trading service, and all customers would receive 5,000 yen (US$32) ‌as “an initial gesture of good faith”, CEO Masatoshi Kumagai said in a blog post on Sunday. The move comes after...

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Japan companies to compensate customers after major cyberattacks

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