Annual sales shriveled to roughly 1.2 billion yen
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Business news from Japan
Company has not yet provided details on how the hackers bypassed security protocols
GMO Internet Group chairman Kumagai Masatoshi staged a dramatic, three-and-a-half-hour press conference
Rogue domain was registered on October 19
Hackers gained unauthorized access to GMO's servers and demanded money
Masatoshi Kumagai said, 'Our depth and speed of response were insufficient'
Ahn says, 'I spend my days asking for advice, delegating tasks, and doing sales pitches'
Unauthorized and fraudulent transactions have already been confirmed by GMO
GMO is urgently warning users to run full system scans
One insider said, 'It was doomed from the start'