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South Korean Web Hosting Company Gives In to Ransomeware Hackers

South Korean Web Hosting Company Gives In to Ransomeware Hackers

SEOUL, Jun. 15 (Korea Bizwire) — South Korean web hosting site Nayana Communication has struck a deal with ransomeware hackers to pay over 1 billion won to bail the company out of its predicament after losing access to data that hackers encrypted. The South Korean web hosting provider released a statement yesterday, acknowledging a deal they [...]

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 [...]

Cybercrime Threats Grow with Pokémon GO Frenzy

Cybercrime Threats Grow with Pokémon GO Frenzy

SEOUL, Feb. 7 (Korea Bizwire) – Last month’s Korean launch of Niantic’s Pokémon GO has put law enforcement agencies on high alert, mainly against trespassing and Pokémon GO driving, and officials are now advising players to also take heed against cybercrimes.  According to the Korean National Police Agency, extra apps that can help players to [...]

Cyber Attacks on Gov’t Agencies, Ransomware Programs to Rise in 2017: Report

Cyber Attacks on Gov’t Agencies, Ransomware Programs to Rise in 2017: Report

SEOUL, Dec. 5 (Korea Bizwire) – More cyber attacks on key government agencies and social infrastructure-related facilities, coupled with increased ransomware programs for mobile and desktop computers, are likely to take place next year, a state-run agency said Monday.  According to the Korea Internet & Security Agency (KISA), a series of cyber attacks may occur [...]

Emails of Seoul Officials Hacked by N. Korea: Prosecution

Emails of Seoul Officials Hacked by N. Korea: Prosecution

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, [...]

Police Arrest S. Korean Teenager Suspected of Hacking Thousands of Websites

Police Arrest S. Korean Teenager Suspected of Hacking Thousands of Websites

SEOUL, June 14 (Korea Bizwire) – Police said Tuesday they have arrested a South Korean high school student, who follows the international hacktivist group Anonymous, on charges of hacking some thousands of domestic and foreign websites since last year.  The 16-year-old, whose identity was withheld, is suspected of defacing a total of 3,847 websites from [...]