March 6, 2024 at 06:16PM
The Japanese government’s analysis of the recent Line data breach has prompted a directive for the organization to separate its technology from parent company Naver. The merger with Yahoo Japan and dependence on Naver’s technology have raised concerns about cybersecurity practices. Japanese regulators are calling for regular updates and a review of cyber practices from LY Corp.
From the meeting notes, it’s clear that the Japanese government’s analysis of the data breach at Line has resulted in a directive for the organization to separate its technology from parent company Naver. This directive followed a series of megamergers that made Line more popular than WhatsApp in certain countries under the control of Naver. The merging of Line with Yahoo Japan, owned by SoftBank, left Line’s business divided between SoftBank and Naver, resulting in a complex technology footprint that left the organization vulnerable to a data compromise. To address these issues, the Japanese Ministry of Internal Affairs and Communications issued guidance for a review of cyber practices and regular updates on progress from both Naver and Line. LY Corp, formed by Naver and SoftBank following the megamergers, has agreed to cooperate with the Japanese government’s requests.