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Fx Trading

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GMO Internet Launches $1M Bounty to Identify Hackers Behind FX Cloud Breach
cybersecurity4 hours ago

GMO Internet Launches $1M Bounty to Identify Hackers Behind FX Cloud Breach

Japanese ISP GMO Internet Group has launched a $1 million bounty program to identify attackers who breached its Onamae.com Desktop Cloud service, which hosts Windows desktops for foreign exchange (FX) trading. The company refused a $50 million ransom demand and is offering rewards only for tips leading to arrests or international wanted notices. The breach, discovered on October 20, potentially affected 26,739 servers, leading to unauthorized trades on customer accounts via leaked credentials. GMO has compensated users with cash and is covering confirmed trading losses, while urging customers to change passwords and enable two-factor authentication.

GMO Internet Faces $50M Ransom Demand After FX Trading Platform Breach
cybersecurity1 day ago

GMO Internet Faces $50M Ransom Demand After FX Trading Platform Breach

Japanese ISP GMO Internet disclosed that its Onamae.com Desktop Cloud service was compromised, leading to unauthorized foreign exchange trades and data theft. The company refused a $50 million ransom demand and is offering customers a six-month free alternative environment. CEO Masatoshi Kumagai admitted the firm ignored internal security warnings, citing slow response times. GMO now urges users to disconnect devices from the network after the attacker threatened a ransomware attack and data leak by midday on October 27.