Key facts
- GMO Internet Group said its automated foreign exchange margin trading system was accessed without authorization.
- Group Chairman and CEO Masatoshi Kumagai said the company failed to fix a flaw pointed out in 2024.
- GMO Internet Group said the group chair's monthly compensation would be cut by 30% for three months.
TOKYO -- Japanese internet service provider GMO Internet Group apologized on Monday after its automated foreign exchange margin trading system was accessed without authorization, the company said.
Group Chairman and CEO Masatoshi Kumagai said the company failed to fix a flaw that had been pointed out in 2024, according to the report. The company also said the group chair's monthly compensation would be reduced by 30% for three months.
The report did not say when the unauthorized access occurred, whether client funds or data were affected, or what loss, if any, resulted. GMO Internet Group's account of the incident and of the earlier flaw is its own statement about its systems and conduct.