GMO Internet Group Inc. CEO Masatoshi Kumagai said Monday that the company had failed to adequately address a security vulnerability despite being alerted to the weakness in 2024, before a recent cyberattack resulted in a data leak.At the firm's first press conference since the cyberattack surfaced last month, Kumagai apologized for the incident and damage to customers' assets. The company announced that Kumagai and three other executives will be slapped with pay cuts."We were not able to utilize (the vulnerability alert) in the operation of the service," said Kumagai, who will take a 30 pe…READ FULL ARTICLE
