SEOUL, June 7 (Korea Bizwire) — Hacker groups specializing in initial compromise during the process of ransomware distribution are rampant this year. Sales activity of “initial access brokers,” who sell cybercriminals access to corporate networks, has more than doubled compared to the same period last year, industry sources said Tuesday. These brokers gain access to [...]
SUNNYVALE, Calif., April 24 (Korea Bizwire) – RSAC 2023 John Maddison, EVP of Products and CMO at Fortinet “According to the Fortinet research released today, though three out of four organizations detected ransomware attacks early, half still fell victim to them. These results demonstrate the urgency to move beyond simple detection to real-time response. However, this [...]
SEOUL, Oct. 16 (Korea Bizwire) — Key members of an international criminal organization suspected of carrying out massive ransomware attacks on South Korean companies and universities in 2019 have been arrested in a joint investigation by South Korea and a few other countries, police here said Friday. The joint investigation, which also involved Ukraine’s police, [...]
SEOUL, Oct. 16 (Korea Bizwire) — More than 30 countries, including South Korea, Japan and Britain, pledged to work together to combat the growing threat of ransomware attacks in a virtual conference hosted by the United States, a joint statement from the meeting showed Friday. The two-day “counter ransomware initiative” meeting ended Thursday (U.S. time) [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s ICT ministry said Thursday it will expand support to small businesses to help them ward off ransomware threats after it raised the country’s cyberthreat warning level a day earlier. Cyberattacks using ransomware, a type of malware that holds a target’s data hostage by locking up systems until [...]
SEOUL, June 5 (Korea Bizwire) — Reports of ransomware attacks in South Korea have surged in the past year, shutting down hospitals to shopping malls as the coronavirus pandemic led to increased online activities. On Thursday, a major plastic surgery hospital in southern Seoul posted on its website that its servers had been breached by [...]
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, [...]
SEOUL, May 18 (Korea Bizwire) — Ransomware called “GandCrab” has recently surged through emails in South Korea, industry sources said Friday. GandCrab, which first appeared in January overseas, sends a malicious URL through emails for a ransom note demanding a payment in cryptocurrency. Ransomware refers to malware that locks up files on a computer with [...]
SEOUL, Jan. 8 (Korea Biwire) — Fewer than half of South Korean companies dedicated funds to data protection in 2017, a government report showed Monday. According to the report by the Ministry of Science and ICT, only 48.1 percent of 9,000 local companies assessed showed interest in monitoring and protecting corporate data. Only 2.2 percent [...]
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 [...]