SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s telecommunications industry is reeling after a fresh wave of security breaches left consumers questioning the integrity of mobile networks, just months after a massive SIM card hacking scandal at SK Telecom. The latest blow came at KT, where hackers exploited vulnerabilities in unauthorized micro base stations, or [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s three major telecom operators have unveiled multibillion-won cybersecurity investment plans in the wake of April’s high-profile SK Telecom hack. Yet experts caution that the spending may amount to little more than after-the-fact remedies, failing to address deeper systemic weaknesses. SK Telecom, KT, and LG Uplus each announced [...]
SEOUL, Sept. 1 (Korea Bizwire) — As smishing scams evolve with increasing sophistication, South Korea’s internet watchdog is stepping up its defenses with a new filtering system designed to block malicious text messages at the source. The Korea Internet & Security Agency (KISA) said Sunday that it has launched an “SMS X-ray” system that intercepts [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s police are intensifying efforts to combat a surge in voice phishing scams, which authorities now describe as a “social disaster” threatening every generation. The National Police Agency on Thursday unveiled five public service videos on YouTube — including one in which a senior police official receives a [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s largest online bookstore, YES24, is facing significant backlash after becoming the target of two major ransomware attacks within a span of two months. The first attack, which occurred on June 9, caused a five-day service outage, severely disrupting the company’s app and internet communication networks. However, YES24′s response [...]
SEOUL, Aug. 11 (Korea Bizwire) — Samsung Electronics Co. said Monday the number of Samsung Wallet users, its digital payment platform, has surpassed 18.6 million in South Korea this year, marking the 10th anniversary of its debut. Samsung Wallet, available on compatible Samsung smartphones and devices, first hit the market in August 2015, with the [...]
SEOUL, Aug. 1 (Korea Bizwire) — AhnLab, a leading South Korean cybersecurity firm, reported Wednesday that phishing scams disguised as digital wedding invitations were the most common form of SMS-based cyberattacks in the second quarter of 2025. According to AhnLab’s “Q2 2025 Phishing SMS Trend Report,” such scams accounted for 28.10% of all phishing messages, [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]
SEOUL, June 30 (Korea Bizwire) — Telegram, once known as a haven for anonymity and untraceable messaging, is now actively cooperating with South Korean law enforcement, signaling a significant turnaround in the platform’s stance on privacy and criminal investigations. According to the National Police Agency, Telegram has responded to over 95% of investigative data requests [...]