Security · Updated 26 Oct, 09:45 am IST

Japanese firms compensate users after wave of cyberattacks

Why it matters for readers: Clarifies that AI is being used both to attack and to help defend systems after the PHP flaws.

GMO Internet Group said it will compensate customers affected by unauthorised access to its foreign exchange trading service, giving all customers 5,000 yen as an initial gesture.1 2
Japan plans to set up a team to simulate cyberattacks using AI to identify system weaknesses after the PHP vulnerabilities disclosure.1 2
Experts say AI has accelerated attackers’ work, automating vulnerability scanning and phishing campaign creation.1 2
The disclosure of critical PHP vulnerabilities prompted millions of hacking attempts that took down government and company websites in Japan, Europe and elsewhere.1 2
Shares of GMO fell about 14% to a four-month low after the incident, and the company requested government cyberdefence measures.1 2

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26 Oct, 09:36 am · ET Tech
Japanese companies compensate users as cyberattacks buffet economy
26 Oct, 09:45 am · Indian Express Technology
Japanese companies compensate users as cyberattacks buffet economy