Security & Payment Archives | Be Korea-savvy

Archive by category Security & Payment

Electronic Payments Hit Record High in 2016

Electronic Payments Hit Record High in 2016

SEOUL, Mar. 23 (Korea Bizwire) — The amount of payments made electronically hit a record high in 2016, central bank data showed Wednesday, underscoring the growing trend of South Koreans using electronic means for financial transactions. The daily average amount of electronic financial transactions came to 343.5 billion won (US$306 million) in 2016, up 36.1 [...]

S. Korea 6th Biggest Target of Trojan Horse Malware Attacks: Report

S. Korea 6th Biggest Target of Trojan Horse Malware Attacks: Report

SEOUL, March 16 (Korea Bizwire) – South Korea was the sixth-biggest target of Trojan horse malware attacks in mobile banking last year, a multinational cybersecurity firm said Thursday.  The most vulnerable country was Russia, followed by Australia, according to the Kaspersky Security Bulletin 2016.  The Russian multinational cybersecurity and anti-virus provider, Kaspersky Lab, said it [...]

Gov’t to Monitor Cyberattacks Utilizing IoT Devices

Gov’t to Monitor Cyberattacks Utilizing IoT Devices

SEOUL, Feb. 28 (Korea Bizwire) – The government will come up with a monitoring system linked to Internet of Things (IoT) devices by May to detect various cyberattacks from both home and abroad, the science ministry said Tuesday.  A set of measures was discussed during a meeting attended by officials from the Ministry of Science, [...]

Government Complex Adopts Facial Recognition System after Successful Trial

Government Complex Adopts Facial Recognition System after Successful Trial

SEJONG, Feb. 22 (Korea Bizwire) – The Government Buildings Management Office – operating four of South Korea’s major government complexes in Sejong, Daejeon, Gwacheon, and Seoul – is officially implementing a facial recognition identification system after the success of a one-month trial.  According to officials on Tuesday, the accuracy rate of the system has reached [...]

New Laser Technology to Prevent Counterfeit Crimes

New Laser Technology to Prevent Counterfeit Crimes

SEOUL, Feb. 15 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Wednesday that researchers have developed a new engraving technology, using lasers, to prevent counterfeit crimes of expensive goods such as high-end watches or gold.  According to senior researcher Noh Ji-whan, by overlapping two separate laser beams, the team was able to [...]