Line acquires Korean cybersecurity firm GrayHash to aid fintech growth

By Laura Mullan
Share
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

Featured Articles

Carbon Credit Market: Poised for Growth by 2030

Experts predict a resurgence in carbon credits with new corporate and technological advancements by 2030

How Revolut Will Transform the Fintech Industry in 2025

Nik Storonksy continues to strive to disrupt global financial services by integrating mortgages, AI and ATMs into its strategic 2025 vision

Protegrity: Navigating Fintech Market Shifts in 2025

Alasdair Anderson, VP of EMEA at Protegrity details the challenges and opportunities that lie ahead for the fintech industry in 2025

Adyen Launches AI Payment Suite with 6% Conversion Boost

Digital Payments

Crypto in 2025: What is its Ceiling?

Crypto

BBVA Accelerates Banking Innovation with AWS Cloud Migration

Banking