GMO Internet to compensate users after cloud cyberattack

GMO Internet will compensate customers for losses from unauthorized trading linked to a cyberattack on its cloud service, and will pay a ¥5,000 goodwill payment to all users of the affected service. The attack targeted Onamae.com Desktop Cloud, a virtual private server service, potentially affecting 26,739 servers and involving unauthorized operations on trading accounts at over 70 securities and forex firms. GMO shares fell nearly 16% on Monday. GMO refused a $50 million cryptocurrency ransom demand and is cooperating with police. It will offer an alternative service free for six months and plans to overhaul security. The incident follows warnings about critical PHP vulnerabilities, though no link has been confirmed.