Japan vows urgent response to FX platform cyber attack

Japan's finance minister vowed on Oct 27 to urgently address damage from a cyber attack on a foreign exchange trading platform, confirming no new attacks have been detected. The pledge follows breaches at dozens of Japanese businesses and rising global concerns about AI-enabled cyber threats. Finance Minister Satsuki Katayama said five FX firms reported customers affected by the GMO Internet Group incident, which involved unauthorized access and a $50 million cryptocurrency ransom demand that was refused. Prime Minister Sanae Takaichi ordered emergency measures by next week, while the ruling party called the situation "the eve of a cyber emergency." The Liberal Democratic Party proposed creating a prime minister-led response headquarters and a new compensation system to attract cybersecurity experts, citing government salaries that max out at 33.8 million yen as insufficient versus private-sector pay.