SEOUL, Nov. 30 (Korea Bizwire) — Anxiety is rising in South Korea after a massive data breach at e-commerce heavyweight Coupang, which local officials said Sunday may have gone undetected for months. The U.S.-listed retailer said Saturday that personal information belonging to 33.7 million customers—virtually its entire user base—was compromised. The exposed data includes names, [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group is moving to strengthen its defenses against mounting cyber threats, establishing a new group-wide control tower and sharply increasing investments in information security amid a wave of high-profile hacking incidents in South Korea. According to industry officials on Tuesday, the conglomerate recently created the Group Cyber Threat [...]
SEOUL, Oct. 1 (Korea Bizwire) — In the wake of a string of high-profile data leaks, an overwhelming majority of South Koreans say they view such incidents as a serious threat and support adopting punitive damages similar to those in Europe and other advanced economies, a new poll shows. According to a Realmeter survey of 500 [...]
SEOUL, Sept. 29 (Korea Bizwire) — The use of payment services employing passwords, biometric data and other authentication methods rose more than 11 percent in the first half, reflecting the growing trend of contactless commerce, central bank data showed Monday. The daily average value of simple payment transactions reached 1.046 trillion won (US$745.77 million) in [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s second-largest telecom carrier, KT, is under mounting criticism from consumers and legal experts for refusing to disclose key network data in cases involving unauthorized mobile phone payments, even as reports of such incidents climb. Authorities say nearly 19,300 cases of fraud involving mobile micropayments were reported last [...]
SEOUL, Sept. 18 (Korea Bizwire) — KT Corp. said Thursday the number of victims of a recent mobile payment breach has reached 362, with total damage estimated at 240 million won (US$173,000). South Korea’s No. 2 mobile carrier, which recently reported a series of unauthorized mobile payments following a suspected data leak, had initially reported [...]
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 [...]