SEOUL, Oct. 25 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, apologized Monday for the inconvenience caused by disruptions of its services that affected customers across the country. KT’s services, including the internet, payment and phone call services, were disrupted beginning at around 11 a.m. KT appeared to have recovered most of [...]
PALO ALTO, Calif., Feb. 1 (Korea Bizwire) – Accellion, Inc., provider of the industry’s first enterprise content firewall, today issued an update on the recently reported security incident regarding FTA, Accellion’s legacy large file transfer product. Accellion FTA, a 20 year old product nearing end-of life, was the target of a sophisticated cyberattack. All FTA customers were [...]
SEOUL, Apr. 16 (Korea Bizwire) — The number of ransomware attacks on companies rose sharply last year, making ransomware the most prevalent type of malicious software detected, a government poll showed Tuesday. Of businesses that experienced some kind of hacking attempt, 56.3 percent said they were attacked by ransomware, up 30.8 percentage points from 2017, [...]
SEOUL, May 22 (Korea Bizwire) – With the global financial losses from the WannaCry ransomware attack estimated at $4 billion, according to cyber risk analysis firm Cyence, another study by Mandiant, a FireEye company, has revealed that it typically takes more than three months for businesses to acknowledge that there has been a cyberattack. Based [...]
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, [...]
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 [...]
SEOUL, Dec. 7 (Korea Bizwire) – Military investigators looking into the first hacking of South Korea’s cyber command intranet said Wednesday the suspected North Korean attackers accessed the network through a server at the armed forces’ main information center. The findings raised concerns that confidential information may have been compromised as the affected server is [...]
SEOUL, Aug. 1 (Korea Bizwire) – Emails of dozens of South Korean defense and diplomatic officials and journalists have been hacked by North Korea this year, and the prosecution is looking into whether any state secrets have been leaked, the prosecution said Monday. Emails of some 90 officials from the defense, diplomatic and unifications ministries, [...]