As a non-life insurance agent, we provide "information leakage protectors"
~ Further strengthening of post-payment security measures~

GMO Internet Group develops payment processing business such as non-face-to-face credit cards GMO Payment Gateway, Inc. (TSE part: securities code 3769, President & Chief Executive Officer: Issei Ainoura hereinafter referred to as "GMO-PG") has issued an "Information Leakage Protector^{" (*1)} for all merchants using the payment service provided by GMO-PG. " was launched on Thursday, January 14, 2016.^（※２）
"Information Leakage Protector" is an insurance policy that covers various expenses to be borne by the business operator in the event that personal information owned by the business operator is leaked to the outside, and GMO-PG will carry out the procedure as a non-life insurance agent.

According to a survey by the NPO Japan Network Security Association, there were 1,388 cases of personal information leakage from companies in 2013, and more than 900 cases in the first half of 2014 alone. ^(*3) If personal information is leaked, it will not only lead to a loss of trust from customers and damage to the brand, but also direct damage to customers, and there is a risk of loss such as compensation for damages and lawsuits. For this reason, it is important for businesses and companies that handle personal information to be "prepared" to compensate for the loss of expected expenses in the unlikely event that personal information is leaked, in addition to taking preventive measures such as reviewing and strengthening management systems and introducing security countermeasure services.
Japan As the domestic e-commerce market expands to 12.8 trillion yen (up 14.6% from the previous year) ^(*4) as of 2014, the importance of "preparedness" is the same for e-commerce businesses, and GMO-PG, which has many e-commerce businesses as customers, provides insurance claims against leakage of personal information from e-commerce businesses. payment "Information Leak Protector" We have decided to start handling it. Starting today, GMO-PG's payment service will be available to merchants.
In addition to compensation for damages and dispute costs in the event of liability, "Information Leakage Protector" covers various expenses incurred such as accident response costs such as accident cause investigation costs, telephone communication costs, personnel costs, advertising activity costs, legal consultation costs, etc., regardless of whether or not there is liability for compensation.

This press release provides an overview of the Information Leakage Protector. Please refer to the product brochure for details.

（URL：http://www.ms-ins.com/pdf/business/indemnity/pd-protector.pdf）

(*1) Underwriting insurance company: Mitsui Sumitomo Insurance Co., Ltd., Offering document approval number: B15-950077, expiration date: January 8, 2017
(*2) A separate contract is required to use this service. The cost varies depending on the type of business and size of the merchant.
(※3) From NPO Japan Network Security Association "Recent damage trends of companies February 2, 27"
(*4) Ministry of Economy, Trade and Industry From "26 Market Survey on E-commerce"

GMO-PG provides measures related to credit card fraud and merchant information leakage at all stages, not only at payment time, but also from before payment to after payment, so that more merchants can use safe and secure payment services.

GMO Payment Gateway is available to 59,559 merchants (as of September 2015 of the GMO Payment Gateway Group), including non-face-to-face sales businesses such as online shops, SNS, and content developed on smartphones, businesses that charge monthly fees such as NHK and subscription, and public entity such as the Japan Pension Service and the Tokyo Metropolitan Government. We accept payment processing services including credit cards. We aim to provide a safe and convenient payment for consumers and businesses, and to be the infrastructure for Japan payment processes. As a leading company in the payment industry, we will lead new innovations such as FinTech and contribute to improving the EC ratio of Japan.

[Glossary]

GMO-PG Security Page

URL : https://www.gmo-pg.com/service/mulpay/security/

GMO-PG "Information Leakage Protector"

URL : https://www.gmo-pg.com/lpc/j-protect/

GMO-PG (Company Profile)

URL :https://corp.gmo-pg.com/en/

GMO-PG (Service)

URL :https://www.gmo-pg.com/en/