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 [...]
SEOUL, April 12 (Korea Bizwire) – Hundreds of white hackers and cybersecurity experts from both home and abroad gathered in South Korea to reinforce and show off their skills against hacking attacks. The Codegate 2017 International Hacking Competition and Global IT and Security Conference opened in Seoul for a three-day run. The annual event, the [...]
SEOUL, April 10 (Korea Bizwire) – Security guards at Seoul National University are quickly losing ground to the advance of Information and Communications Technology (ICT), as new unmanned security systems are being deployed at its Gwanak campus, a move that some fear will result in job losses for current employees. As night security guards are [...]
DAEJEON, March 30 (Korea Bizwire) – Security and privacy concerns over UAVs are rising as quickly as the expansion of the drone industry. In January 2015, a drunk employee from a U.S. government intelligence agency crashed a drone on the White House lawn, while in April of the same year, a Japanese man was arrested [...]
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 [...]
SEOUL, March 22 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has released its mobile payment service — Samsung Pay — in India, tapping into one of the fastest-growing smartphone markets in Asia. The South Korean tech giant said it clinched agreements with seven major Indian financial companies such as AXIS Bank and HDFC [...]