GMO CEO Admits Security Warnings Were Handled Too Slowly After Trading Cloud Breach Hits 26,739 Servers
Japan's GMO Internet Group is facing hard questions about its own security process after hackers breached its Onamae.com Desktop Cloud, a Windows virtual server service that foreign-exchange traders use to run automated trading programs around the clock. On October 25, group founder and chief executive Masatoshi Kumagai acknowledged that in-house security specialists had identified weaknesses in the service before the intrusion, but that the response lacked sufficient speed and depth.