Symbolic imageJapanese firms compensate customers after cyberattacks
GMO Internet is compensating customers of its foreign exchange trading service after a cyberattack. Japanese companies are facing a wave of attacks, Reuters and the South China Morning Post report.
GMO Internet CEO Masatoshi Kumagai said in a blog post on Sunday, 25 October, that customers would be compensated for losses stemming from unauthorised access. All customers would receive 5,000 yen (US$32) as "an initial gesture of good faith". The South China Morning Post cites experts who say AI is making cybercrime faster, cheaper and harder to detect.
Government turns AI on its own systems
On Friday, 23 October, Japan said it would set up a team that uses AI to simulate cyberattacks and identify weaknesses in technology systems. Organisations were scrambling to curtail risks from flaws in the PHP programming language, which underpins much of the internet.