ransomware Archives | Be Korea-savvy
Ransomware Suspects Nabbed in Int’l Probe Involving S. Korea

Ransomware Suspects Nabbed in Int’l Probe Involving S. Korea

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, [...]

Over 30 Countries Vow Stronger Ties to Counter Ransomware Attacks in U.S.-led Meeting

Over 30 Countries Vow Stronger Ties to Counter Ransomware Attacks in U.S.-led Meeting

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) [...]

Pandemic-driven Online Activities Bring About Explosive Cyber Attacks in S. Korea

Pandemic-driven Online Activities Bring About Explosive Cyber Attacks in S. Korea

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 [...]

Ransomware Attacks on Companies Rise in 2018: Poll

Ransomware Attacks on Companies Rise in 2018: Poll

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, [...]

‘GandCrab’ Ransomware Spreads in S. Korea

‘GandCrab’ Ransomware Spreads in S. Korea

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 [...]

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), [...]