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Archive by category Security & Payments

Naver Facility Among the World’s Top 10 Most Beautiful Data Centers

Naver Facility Among the World’s Top 10 Most Beautiful Data Centers

SEOUL, Jun 15 (Korea Bizwire) — Naver’s data center ‘Gak’, which is located in Chuncheon, Gangwon Province, has made it to a list of the top ten of the world’s best-looking data centers, joining the likes of Google and aql. British IT journal Data Center Dynamics has recently announced ten of the most beautiful data centers [...]

Cloud-Based Intelligent CCTV Under Development

Cloud-Based Intelligent CCTV Under Development

SEOUL, June 2 (Korea Bizwire) – A South Korean research team has partnered with the National Police Agency to develop an artificial intelligence CCTV system. The Electronics and Telecommunications Research Institute (ETRI) announced yesterday it has embarked on a project to develop a cloud-based smart video surveillance platform, which will see a number of the [...]

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

SEOUL, May 26 (Korea Bizwire) – The recent news of the Samsung Galaxy S8’s iris scanner hack came as quite a shock to South Koreans, who have seen a growing number of commercial banks adopt the new biometric authentication method for their mobile banking services.  According to reports, the German Chaos Computer Club (CCC) fooled [...]

Notorious ‘ActiveX’ on its Last Legs in South Korea

Notorious ‘ActiveX’ on its Last Legs in South Korea

SEOUL, May 23 (Korea Bizwire) – Industry experts say Microsoft’s much-maligned ActiveX software may be scrapped and replaced with advanced technology such as biometric recognition under the newly elected Moon administration, after being slammed over its security vulnerabilities and widely viewed as plaguing the South Korean web with exhausting and complex online identification processes for [...]

Businesses Take More Than 3 Months to Identify Cyberattacks

Businesses Take More Than 3 Months to Identify Cyberattacks

SEOUL, May 22 (Korea Bizwire) – With the global financial losses from the WannaCry ransomware attack estimated at $4 billion, according to cyber risk analysis firm Cyence, another study by Mandiant, a FireEye company, has revealed that it typically takes more than three months for businesses to acknowledge that there has been a cyberattack.  Based [...]

Convenience Store of the Future Opens at Lotte World Tower

Convenience Store of the Future Opens at Lotte World Tower

SEOUL, May 16 (Korea Bizwire) – Seven Eleven Signature opened today at Lotte World Tower, the world’s very first unmanned convenience store where shoppers can pay with the swipe of their hand, thanks to a biometric verification system that scans palm vein patterns. The vein-scanning self-checkout terminal studies the size, color, and shape of each shopper’s [...]

10 South Korean Companies Report ‘WannaCry’ Damage

10 South Korean Companies Report ‘WannaCry’ Damage

SEOUL, May 16 (Korea Bizwire) – South Korea’s state-run cybersecurity agency said Tuesday 10 companies have been struck by the crippling ransomware “WannaCry” so far, which has been emerging as one of the biggest threats to global cybersecurity.  Ransomware refers to malware that locks up files on a computer with encryption until the victims pay [...]