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Cryptocurrency Coming Under Increasing Malware Attack

Cryptocurrency Coming Under Increasing Malware Attack

SEOUL, Nov. 10 (Korea Bizwire) — Malicious code targeting cryptocurrency is increasing at an alarming rate with the rising value of virtual money, statistics showed Friday. According to Korea Internet & Security Agency (KISA), 5,366 cases of damage from ransomware were reported in the January-September period this year, up 3.7-fold from 1,438 in the same [...]

Hackers Threaten Banking Institutions With DDoS Attacks

Hackers Threaten Banking Institutions With DDoS Attacks

SEOUL, June 27 (Korea Bizwire) – Hackers who threatened to launch a distributed denial-of-service attack (DDoS) made good on their promise by attacking a number of South Korean banking institutions on Monday. According to the Financial Supervisory Service (FSS), a hacker group called the Armada Collective targeted the Korea Financial Telecommunications & Clearings Institute (KFTC), [...]

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 Raises Cybersecurity Alert against WannaCry Attack

S. Korea Raises Cybersecurity Alert against WannaCry Attack

SEOUL, May 15 (Korea Bizwire) — South Korea raised its cybersecurity alert on Sunday amid growing concerns about the WannaCry ransomware cyberattack that has spread across the world. The Korea Internet & Security Agency said four companies have reported to the state computer security agency that they were affected by the malicious software over the [...]

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 [...]