Two months after GMO Payment Gateway data leak, last website affected resumes work

Maria Nikolova

The Japan Housing Finance Agency has confirmed that its credit card payment site is now safe to use, nearly two months after GMO Payment Gateway announced the personal data leak and shut the page down.

How secure is your brokerage against cyber attacks?

The consequences from the credit card data leak from the websites of two of the clients of GMO Payment Gateway Inc (TYO:3769) have been significant, but the company seems to have finally managed to tackle the matter.

Nearly two months after the leak was first detected and reported, the credit card payment website of the Japan Housing Finance Agency is re-opening. The relaunch is scheduled for June 5, 2017, at 16:00 local time. The agency says that the website is safe to use, following the implementation of extra security measures and checks conducted by both external and internal experts.

The credit card payment site for metropolitan tax operated by the Tokyo Metropolitan Government, which was also affected by the data leak, resumed its work on April 24, 2017.

The work of both websites was halted on March 10, 2017, several hours after GMO Payment Gateway confirmed unauthorized access to the websites and heavy data leak.

Preliminary estimates have indicated that the number of “units of information” leaked through the Tokyo Metropolitan Government website was 676,290, including 614,629 email addresses, 61,661 credit card numbers and credit card expiration dates. The number of “units” of credit card information reportedly leaked from the Japan Housing Finance Agency was 43,540, including credit card numbers, credit card expiration dates, security codes, credit card payment registration dates, addresses, email addresses, names, phone numbers, as well as dates of birth and payment joining dates. The numbers have been revised later to avoid doubling of information.

Following the incident, GMO Payment Gateway has established a special “Recurrence prevention committee” to investigate the case and to help it implement measures to prevent such incidents from happening in the future. GMO Payment Gateway has also responded to a request by the Japanese Ministry of Economy, Trade and Industry (METI) and has submitted a special report into the case.

In tune with the strict business ethics in Japan, GMO Payment Gateway’s management has taken responsibility for the incident and three of the company’s Board Members have accepted salary cuts.

Read this next

Retail FX

Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Retail FX

Lark Funding reopens to US traders, MyFundedFX picks cTrader

Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

Institutional FX

Cboe FX volume falls to lowest level since summer

Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

Retail FX

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Digital Assets

New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

Digital Assets

Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

Digital Assets

Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

Institutional FX

Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

Industry News

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

<