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.