Regulator Says KT Negligence Enabled Mobile Payment Hack

SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s science ministry said Monday that a security breach at KT Corp., the country’s second-largest mobile carrier, stemmed from lax internal controls over femtocells—small base stations used in homes and offices—allowing attackers to penetrate the company’s core network and carry out unauthorized mobile payments. The Ministry of Science and [...]