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Japanese companies compensate users as cyberattacks buffet economy
Reuters • • general
Key Points:
- Japanese companies are compensating users after cyberattacks disrupted internet services, raising concerns about economic stability and data protection weaknesses.
- The Japanese government plans to create a team using AI to simulate cyberattacks and identify vulnerabilities, particularly related to flaws in the PHP programming language.
- Cybercriminals are leveraging AI to automate attacks, making cybercrime faster, cheaper, and harder to detect, affecting government and company websites domestically and internationally.
- GMO Internet Group received ransom demands linked to the attacks but refused to comply, opting to coordinate with police and provide free alternative services to affected customers.
- The surge in cyber incidents highlights the need for stronger cybersecurity measures in Japan, with experts warning that enhanced defenses could lead to substantial additional costs for companies.
