SEOUL, Aug. 25 (Korea Bizwire) – A court ruled in favor of plaintiffs to a class action suit who sued against KT, Korea’s largest telecom service operator, for damages due to personal information breaches. Accordingly, the 29,000 plaintiffs will be entitled to receiving 100,000 won (US$981) each for compensation. Civil court judges of the Seoul Central District [...]
SEOUL, Aug. 15 (Korea Bizwire) — Amid losses from smishing attacks and wire frauds keep rising even with the government’s continued efforts to fight them off, the financial authorities once again have rolled up their sleeves to eradicate the electronic financial fraud by implementing a comprehensive preventive measures. The Korea Financial Services Commission hosted on August 12, “Telecommunication [...]
SEOUL, Aug. 14 (Korea Bizwire) — Local governments of Korea are enthusiastically advising their citizens to use a government-developed privacy information protection application amid new provisions beginning to be enforced in an effort to prevent increasing cases of personal information breaches. On August 7, the “Personal Information Protection Act” started to take effect in earnest after a [...]
SEOUL, Aug. 2 (Korea Bizwire) – While Kakao is scheduled to offer an online credit card payment service next month, it is considering an “Uber-like” call taxi service as well. From September, Kakao, the operator of Korea’s largest mobile messenger service, will begin providing credit card online payment service in partnership with nine card companies including [...]
SEOUL, Aug. 1 (Korea Bizwire) — From next year at the earliest, anyone who is feared for financial loss after an incident of personal information theft will be permitted to change her national identification number. In addition, organizations that are responsible for leaking personal information deliberately or by negligence will have to pay up to [...]
Amsterdam, July 30 (Korea Bizwire) — Gemalto, the world leader in digital security and positioned by Gartner in the Leaders Quadrant for User Authentication, is expanding its CloudEntr access management service with a new feature for secure file sharing. CloudEntr is the all-in-one solution for securely managing logins and files in the Cloud. Companies using [...]
SEOUL, July 23 (Korea Bizwire) – Amid the situation where personal information breaches continue, online retailers are still negligent in managing their customers’ data. According to a data by the Seoul Electronic Commerce Center on July 22, a quasi-public organization established jointly by the Consumers Union of Korea and the Seoul City Government, based on a survey [...]
SEOUL, July 23 (Korea Bizwire) – According to the Ministry of Science, ICT and Future Planning of Korea on July 20, it has mandated all Internet-delivered text messages to be marked with a “[Web Relayed]” sign and has implemented a “Prevention of Piracy of Numbers in Web-based Smishing” service for use by individuals. Web-relayed SMS have [...]
SEOUL, July 23 (Korea Bizwire) –The sense of urgency that IT companies are encroaching on the mobile payment market is making banks to competitively beef up their smartphone-based electronic commerce services and scramble into the “war of mobile wallet.” Mobile Wallet or E-Wallet is a service that provides a convenient and technologically quick method [...]
SEOUL, July 22 (Korea Bizwire) – An ICT competition will be held to penetrate North Korea’s severely controlled information network and send in outside information of the “free world.” According to Radio Free Asia, the Human Rights Foundation, a North Korea human rights group, will hold a “hackathon” event, competing participants’ skills bypassing North Korea’s [...]