SEOUL, May 23 (Korea Bizwire) – South Korean formed a policy consultative body to actively deal with the global WannaCry ransomware attacks that have affected the country along with the rest of the world, the government said Tuesday. The body is made up of government officials, researchers from state-run tech institutes, including the Korea Internet [...]
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 [...]
SEOUL, May 18 (Korea Bizwire) – South Korea’s state-run cyber security agency said Thursday that 17 companies have been struck by “WannaCry” so far, but the spread of the ransomware has slowed. The Korea Internet & Security Agency (KISA) said it is keeping a watchful eye on the spread of the ransomware, although the situation [...]
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 [...]
SEOUL, May 16 (Korea Bizwire) – News reports of IP camera hacking incidents emerged in April, with dozens of videos that appear to be from home security cameras found circulating around Chinese adult content websites. Although most of the videos appear to be of Chinese nationals, some included Korean women. And the footage revealed the [...]
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 [...]
SEOUL, May 2 (Korea Bizwire) — Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new study released on Monday, in the latest sign of the growing influence of financial technology, known as fintech. [...]
SEOUL, April 21 (Korea Bizwire) – Smart door locks, incorporating artificial intelligence or Internet of Things technologies, are gradually emerging as the next big trend for security systems in South Korea. According to the Korea Intellectual Property Office, the number of IoT door lock patent applications surged to 27 in 2014 and 48 in 2015. [...]
SEOUL, April 20 (Korea Bizwire) – South Korea’s prosecution said it signed an agreement with Microsoft Corp. on Thursday to protect against growing cyber threats. The Supreme Prosecutors’ Office inked the Government Security Program (GSP) with the U.S. software giant at the office of its local unit in central Seoul. The GSP is a program [...]
SEOUL, April 14 (Korea Bizwire) — Self-service digital interactive kiosks are among the emerging technologies that are rapidly redesigning the landscape of South Korea’s service industry. With their convenience and cost-effectiveness, an increasing number of companies in various fields are adopting digital kiosk systems including fast food restaurant chains, banks, cinemas, and convenience stores. Though digital [...]