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 researc...

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.

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
Share

Featured Articles

Meta makes 2nd attempt at virtual currency with ‘Zuck Bucks'

Arthur Caplin, solicitor and specialist in tech and crypto regulatory matters at law firm BLM, discusses Meta’s latest venture into cryptocurrency.

What Technologies are Driving the Digital Wallet Trend?

The advance of technology is providing us with new ways to pay. So what are digital wallets, how do they work and what will their future look like?

Is the US$10bn Decacorn the new Unicorn for Fintechs?

There are now 35 decacorns worldwide (companies with a $10bn valuation) and some of the biggest are fintechs

Five Emerging Fintech Hubs to Watch in 2022

Financial Services (FinServ)

Why are Banks and Fintechs Entering the Metaverse?

Crypto

Hokk Finance CEO Lawrence Huston talks DeFi and Fintech

Crypto