SEOUL, Sept. 22 (Korea Bizwire) — A string of hacking incidents at South Korea’s telecommunications and financial companies has prompted pharmaceutical and biotech firms to tighten their defenses, wary that breaches involving sensitive clinical data and intellectual property could trigger irreparable damage. Industry officials said this week that companies are moving quickly to reinforce security policies [...]
SEOUL, Sept. 1 (Korea Bizwire) – The presidential Office of National Security held a cybersecurity response meeting Monday to strengthen defenses against evolving cyber threats driven by artificial intelligence (AI). Oh Hyun-joo, the third deputy national security officer, chaired the session attended by officials from 10 government agencies, including the National Intelligence Service and the [...]
SEOUL, July 16 (Korea Bizwire) — The American Chamber of Commerce in Korea (AMCHAM) held a cybersecurity seminar Wednesday in Seoul, bringing together senior government officials, business leaders and cybersecurity experts to address the growing digital threats in areas of cybersecurity and national security. Under the theme of cybersecurity, participants explored strategic responses to evolving [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]
SEOUL, June 6 (Korea Bizwire) — In a bid to strengthen its defenses against rising cyber threats, the Seoul Metropolitan Government has announced its first-ever ordinance dedicated to cybersecurity, marking a significant step beyond previous administrative regulations. On Thursday, the city officially unveiled a draft of the Seoul Cybersecurity Ordinance, elevating its current cybersecurity protocols [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s major companies spent an average of 2.9 billion won (US$2.1 million) per year on information protection, industry data showed Monday. According to data from the Korea Internet & Security Agency (KISA) and other sources, 10 local companies each invested over 100 billion won in cybersecurity over the [...]
SEOUL, May 23 (Korea Bizwire) — Cybersecurity is becoming an increasingly important factor car manufacturers have to consider with the global automotive industry’s move toward more “connected” and “software-defined” vehicles, an executive at a South Korean automotive cybersecurity solutions provider said Thursday. “The era of software-defined vehicles is coming … which means there is much [...]
SEJONG, Dec. 10 (Korea Bizwire) – The National Tax Service (NTS) of South Korea has implemented an AI-powered cybersecurity monitoring system to safeguard tax data against a surge in hacking attempts. Officially launched in December following a successful trial in October, the system significantly enhances the speed and efficiency of threat detection and response. The AI [...]
SEOUL, Sept. 24 (Korea Bizwire) – In a display of digital prowess, the South Korean military has clinched its third consecutive victory at CyberNet 2024, a prestigious international cybersecurity competition hosted by the Dutch Cyber Command. The event, held from September 10 to 13, showcased the cyber capabilities of NATO member states and partner countries. The [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea will conduct offensive cyberdefense operations to protect critical national infrastructure from hacking attacks and counter disinformation, the presidential office said Sunday. The National Security Council (NSC) unveiled the National Cybersecurity Basic Plan jointly drawn up with 14 government agencies, including the spy agency, police as well as [...]