GMO chief apologizes for unauthorized access to FX services

GMO Internet Group representative Masatoshi Kumagai apologized on his official website on October 25 for unauthorized access to the group's foreign exchange (FX) related services, revealing that internal experts had previously flagged security concerns. Kumagai acknowledged the breach and admitted that in-house specialists had pointed out security issues with the service prior to the incident. The apology comes as the company faces scrutiny over its handling of the cyberattack. The unauthorized access highlights broader challenges in Japan's cybersecurity framework, with some calling for "active cyber defense" measures, though current laws may limit such capabilities.