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Defense Ministry’s Website Hit by Cyberattack

Defense Ministry’s Website Hit by Cyberattack

SEOUL, Nov. 6 (Korea Bizwire) — The defense ministry’s website suffered service disruptions this week after being targeted by a cyberattack, officials said Wednesday, following the South Korean cybersecurity watchdog’s warning of North Korea’s possible hacking attacks. The distributed denial-of-service (DDoS) attack took place at about 5:30 p.m. Tuesday, prompting the military to take response [...]

KT Communication Services Disrupted Across Country

KT Communication Services Disrupted Across Country

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 [...]

Accellion Provides Update to Recent FTA Security Incident

Accellion Provides Update to Recent FTA Security Incident

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 [...]

Ransomware Attacks on Companies Rise in 2018: Poll

Ransomware Attacks on Companies Rise in 2018: Poll

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, [...]

Businesses Take More Than 3 Months to Identify Cyberattacks

Businesses Take More Than 3 Months to Identify Cyberattacks

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 [...]

S. Korea 6th Biggest Target of Trojan Horse Malware Attacks: Report

S. Korea 6th Biggest Target of Trojan Horse Malware Attacks: Report

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 [...]

Gov’t to Monitor Cyberattacks Utilizing IoT Devices

Gov’t to Monitor Cyberattacks Utilizing IoT Devices

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, [...]