The parent of Times Car operator Times Mobility announced it plans to report a one-time loss of ¥5.5 billion over a personal data leak.
As cyberattacks continue across Japan, companies are coming to realize the great financial risk of such attacks if their lax cybersecurity systems cause millions of peoples’ personal information to be leaked. Times Car, which saw personal data that included the driver’s licenses of 1.46 million people leaked in September, is learning the lesson the hard way. Last week, Park24, the parent of Times Car operator Times Mobility, announced that it plans to report a one-time special loss of ¥5.5 billion (about $35 million) for the business year through October over the incident.
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