Japanese firms pay compensation after wave of cyberattacks

GMO Internet Group will pay customers 5,000 yen ($32) each after an attack on its forex trading service and offer a free alternative for six months. Park24 will pay 3,000 yen per customer after a data breach and expects a 5.5 billion yen loss. Japan logged 723 cybersecurity incidents in the year to October 20.

• GMO to pay 5,000 yen ($32) to each customer after attack
• Park24 to pay 3,000 yen and expects 5.5 billion yen loss
• GMO shares fell nearly 14% to a four-month low
• 723 cyber incidents in Japan in the year to October 20