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

FDIC Proposes Rules Overhaul for Bank-Fintech Partnerships

US regulator FDIC proposes enhanced recordkeeping for fintech accounts and updates bank merger guidelines in response to industry challenges

MoneyNext Announces Banking Transformation Summit

Events organiser MoneyNext has announced that the Banking Transformation Summit will be held in Charlotte, North Carolina, in the autumn of 2024

Workshops to Attend at FinTech LIVE London Global Summit

Discover the span of executive workshops taking place at FinTech LIVE London Global Summit, learn how to attend below

Barclays Expands Partnership with HPE for GreenLake Platform

Financial Services (FinServ)

Gartner: 60% of Finance Teams now use AI

Tech & AI

Two More Executives Join the Lineup for FinTech LIVE: London

Digital Payments