GMO Internet Group Hit by Cyber Attack Exposing Customer Data
Article Content
- •GMO Internet Group's Onamae.com platform suffered a cyber attack exposing customer data.
- •The company has committed to reimbursing affected users amid ongoing scrutiny.
- •Despite the attack, analysts believe the stock may be undervalued at ¥3,392.
GMO Internet Group disclosed a cyber attack on its Onamae.com platform, leading to the exposure of customer data and unauthorized foreign exchange trades. The company has pledged to reimburse affected users as it faces scrutiny over the incident. This attack follows a challenging period for GMO Internet Group, with a 20% drop in stock price over the past 90 days. The incident raises concerns about the company's cybersecurity measures and trust in its financial services. Analysts suggest that despite the recent setback, the stock may still be undervalued at ¥3,392 compared to a fair value of ¥4,166. The company is focusing on integrating AI and cybersecurity projects to stabilize its earnings. The attack has not been linked to a specific vulnerability or exploit method in the articles.
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