Line acquires Korean cybersecurity firm GrayHash to aid fintech growth

By Laura Mullan
LINE Plus Corporation has acquired cybersecurity firm GrayHash in a bid to enhance its fintech security. GrayHash is a Korean online security research...

LINE Plus Corporation has acquired cybersecurity firm GrayHash in a bid to enhance its fintech security.

GrayHash is a Korean online security research centre which specialises in “offensive research” and counter hacking techniques.

Through the acquisition, GrayHash has been renamed GrabLab and it will work to develop and optimise security solutions for LINE’s services.

SEE ALSO:

LINE Plus Corporation — a subsidiary of Japanese messaging platform LINE Corporation — offers a range of different services such as messenger, fintech, AI, blockchain and digital asset exchange. 

Security has become a growing focus for Line since it launched its own crypto token and blockchain in August.

In September, the firm also announced that it would expand its fintech business after raising around US$1.33bn through convertible bonds.

As part of the acquisition, SeungJin Lee, CEO and co-founder of GrayHash, will continue as lead of GrayLab.

Share

Featured Articles

Rich investors drawn to digital assets despite crypto crash

The world’s wealthiest people are sold on the concept of digital assets, as a new survey shows they are being used to construct more resilient portfolios

Five minutes with: Katie Nykanen, Group CTO at QA

Katie Nykanen, CTO at QA, on being a role model for girls and young women and her hopes for the future

Big business bets on real-time data and event-streaming tech

By 2025, 90 per cent of the world’s largest companies will use real-time intelligence to improve customer experience and other areas, new research predicts

Mind your language: Is NLP a natural fit for the Metaverse?

AI & Machine Learning

Cyberattacks make a big difference to manufacturing profits

Cloud & Cybersecurity

ICYMI: Space blockchains and 6G predictions for the future

Digital Transformation