GMO Founder Says Own Security Unit Flagged Flaws Before FX Server Hack
By Damian Chmiel
AI summary of the source article
GMO Internet Group revealed its security unit flagged flaws in 2024 before a breach exposed up to 26,739 trading servers. Four executives took pay cuts, and GMO offered compensation to users and promised to repay unauthorized trading losses.
Key facts
- GMO Cyber Security by Ierae flagged a vulnerability in April 2024, but internal rules prevented the warning from reaching management.
- Up to 26,739 Onamae.com Desktop Cloud servers may have been exposed, allowing hackers to place trades on client accounts using stolen logins.
- GMO cut executive pay for three months, offered ¥5,000 per user, and pledged to reimburse realized losses from unauthorized trades.
Source excerpt · Finance Magnates
GMO Internet Group's own security unit flagged flaws in 2024 in the trading server service that hackers later breached, founder Masatoshi Kumagai said today (Monday). The group also cut the pay of four executives, with Kumagai giving up 30% of monthly compensation for three months. The service, Onamae.com Desktop Cloud, rented out Windows servers that run MetaTrader around the clock. Up to 26,739…