Japan's GMO Internet Group hit by cyberattack, bond spread widens to 174 basis points.
Oct 29, 12:54
October 29 - According to Bloomberg, after a listed subsidiary of GMO Internet Group suffered a cyber attack, the impact is spreading to Japan's credit market, intensifying investor concerns about potential hits to the company's earnings. Data compiled by Bloomberg shows that as of October 28, the spread on a yen bond of GMO Internet Group maturing in June 2031 widened to about 174 basis points, up from about 122 basis points on October 20 (the day before the unauthorized access incident was disclosed).