GMO to Hold Press Conference After FX Account Hacking
Listen to the story
GMO, a major Japanese internet company, will hold a press conference on November 2.
The company president will attend the conference in person to speak with reporters.
The meeting follows the discovery of unauthorized trading in FX accounts. FX trading means buying and selling foreign currencies.
The unauthorized access reportedly came through an external VPS, a type of virtual server used to run computer systems remotely.
People are now asking how hackers managed to break into the system through this outside server.
There is also growing interest in what safety measures investors can take to protect their FX accounts in the future.
Separately, a TV network called TBS has faced online backlash after a social media mistake.
TBS reportedly shared an image related to the GMO hacker without properly covering the person's face, known as a mosaic.
Internet users criticized TBS for this error, calling it a serious mistake, or blunder, for a major broadcaster.
The press conference on November 2 is expected to give more details about the hacking case and how GMO plans to respond.
Investors and the public are waiting for GMO to explain exactly how the breach happened.
The company has not yet released full details about the extent of the unauthorized trading.
Vocabulary10 words
- press conference
- a meeting where someone talks officially to reporters
- unauthorized trading
- buying or selling done without permission
- VPS
- a remote computer system used instead of a local one
- safety measures
- actions taken to stay protected
- online backlash
- strong anger shown by many people on the internet
- mosaic
- a blurred part of a picture that hides a face
- blunder
- a careless and serious mistake
- breach
- a break into a system without permission
- broadcaster
- a company that shows programs on TV
- hacker
- a person who breaks into computer systems illegally
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Quiz
Answer key
1. Attend a press conference 2. Through an external VPS server 3. It forgot to blur the hacker's face in a post
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
GMO, a major Japanese internet company, will hold a _____ on November 2.
The company president will _____ the conference in person.
The meeting follows the discovery of _____ trading in FX accounts.
The unauthorized access reportedly came through an external _____.
People are asking how hackers managed to _____ the system.
There is growing interest in what safety _____ investors can take.
TBS has faced online _____ after a social media mistake.
TBS reportedly shared an image without covering the hacker's face, known as a _____.
Internet users called this a serious _____ for a major broadcaster.
Investors are waiting for GMO to explain how the _____ happened.
Discussion questions
- Why might companies hold press conferences after security incidents?
- What risks do you think come with using external servers like VPS?
- How should media companies handle sensitive images, such as a suspect's face?
- What steps can individuals take to protect their online financial accounts?
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