Monday, 2 November, 2026
Apology and Payouts: GMO Faces the Music After Data Breach
By TechShots Studio
Japanese internet giant GMO Internet Group has formally apologized following a major security breach affecting over 26,000 cases. Admitting that management missed critical early warnings, CEO Masatoshi Kumagai announced full compensation for customer losses, a 5,000-yen goodwill token per victim, and a $1 million bounty to track down the hackers.
Read full story at LIVEMINT