TOKYO — Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability.
GMO Internet Group, a leading provider of online financial services, said customers would be compensated for losses stemming from unauthorized access following a cyberattack on its foreign exchange trading service, and all customers would receive 5,000 yen ($32) as a gesture of goodwill, CEO Masatoshi Kumagai said in a blog post on Sunday.
“The internet itself is now starting to break down,” said Mr. Kumagai, whose sprawling group includes internet infrastructure and cryptocurrency trading.
Japan said on Friday it would set up a team to simulate cyberattacks using AI to identify weaknesses in technology systems as organizations scrambled to curtail risks from flaws in the PHP programming language that underpins much of the internet.
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