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TechnologyBusiness144 words1 min read

GMO Hit by Cyberattack, Asks Japan's Government for Help

man in black jacket using computer
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Listen to the story

GMO is a company in Japan. It offers FX trading services. FX means buying and selling money from other countries.

Someone got into customer accounts without permission. This is called unauthorized access. The attacker made bad trades with customer money.

One customer lost 2.5 million yen in one minute. GMO will pay back money to people who lost it. This is called compensation.

GMO thinks the attack may be linked to other data leaks. A data leak is when private information gets out by accident.

GMO asked the Japanese government for help. It wants the government to use active cyber defense. This means the government can stop cyberattacks before they cause harm.

GMO called this an emergency request. This means they need help very fast.

More companies may face similar attacks soon. People are worried about their money online.

Vocabulary5 words

unauthorized access
entering a computer system without permission
compensation
money given back after a loss
data leak
private information that goes out by mistake
active cyber defense
government action to stop online attacks before they happen
emergency request
asking for help very fast

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Quiz

1. What kind of company is GMO?
2. How much money did one customer lose in one minute?
3. What did GMO ask the government to do?

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Fill-in-the-blank listening

Play the audio again and fill in the missing words as you listen.

GMO is a company in Japan. It offers _____ trading services.

Someone got into customer accounts without permission. This is called _____.

One customer lost _____ yen in one minute.

GMO will pay back money to people who lost it. This is called _____.

GMO thinks the attack may be linked to other _____.

GMO asked the Japanese government for help. It wants the government to use _____.

GMO called this an _____. This means they need help very fast.

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