GMO execs apologize over inadequate response to cyberattacks

GMO Internet Group’s leadership apologized Monday for not properly responding to warnings about its cybersecurity that a subsidiary had pointed out in 2024 and blamed artificial intelligence for creating new vulnerabilities, in the company’s first public briefing since it became embroiled in a growing scandal over a massive data breach that emerged last month. As punishment for the company’s poor response, four top executives, including Kumagai, will have their salaries reduced by between 20% and 30% for the next three months.