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 [...]
SEOUL, March 16 (Korea Bizwire) – South Korea was the sixth-biggest target of Trojan horse malware attacks in mobile banking last year, a multinational cybersecurity firm said Thursday. The most vulnerable country was Russia, followed by Australia, according to the Kaspersky Security Bulletin 2016. The Russian multinational cybersecurity and anti-virus provider, Kaspersky Lab, said it [...]
SEOUL, March 9 (Korea Bizwire) – South Korea said Thursday that it raised the alert level against cyberattacks by one notch in a bid to better fend off an expected increase in cyberattacks from North Korea and others on the country’s major agencies and businesses. The Ministry of Science, ICT and Future Planning raised its [...]
SEOUL, Feb. 28 (Korea Bizwire) – The government will come up with a monitoring system linked to Internet of Things (IoT) devices by May to detect various cyberattacks from both home and abroad, the science ministry said Tuesday. A set of measures was discussed during a meeting attended by officials from the Ministry of Science, [...]
SEJONG, Feb. 22 (Korea Bizwire) – The Government Buildings Management Office – operating four of South Korea’s major government complexes in Sejong, Daejeon, Gwacheon, and Seoul – is officially implementing a facial recognition identification system after the success of a one-month trial. According to officials on Tuesday, the accuracy rate of the system has reached [...]
SEOUL, Feb. 15 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Wednesday that researchers have developed a new engraving technology, using lasers, to prevent counterfeit crimes of expensive goods such as high-end watches or gold. According to senior researcher Noh Ji-whan, by overlapping two separate laser beams, the team was able to [...]
SEOUL, Feb. 7 (Korea Bizwire) – A new printer hack that was reported on in the U.S. last week has also reached South Korea. EST Security, a local web security firm, said Monday that it was aware of multiple instances of customers reporting that their devices printed messages saying “your printer has been owned,” and [...]
SEOUL, Jan. 23 (Korea Bizwire) – New types of cyberattacks linked to Internet of Things (IoT) devices against key government agencies and social infrastructure-related facilities are likely to increase this year, a report showed Monday. According to the report by the state-run Korea Internet & Security Agency (KISA), a series of so-called distributed denial of [...]