GMO execs apologize over inadequate response to cyberattacks
CEO Masatoshi Kumagai formally acknowledged failings at the firm's first public briefing since it became embroiled in a massive data breach scandal.
GMO Internet Group's executives have publicly acknowledged their inadequate response to cybersecurity warnings in 2024, attributing new vulnerabilities to artificial intelligence. Following a significant data breach last month, company CEO Masatoshi Kumagai admitted that the firm had failed to adequately address previous security concerns, describing its previous reaction as both insufficient in depth and timeliness.
As a consequence, four senior leaders, including Kumagai, face a reduction in their salaries ranging from 20% to 30% for the following three months.
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