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 [...]
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), [...]
SEOUL, May 23 (Korea Bizwire) – South Korean formed a policy consultative body to actively deal with the global WannaCry ransomware attacks that have affected the country along with the rest of the world, the government said Tuesday. The body is made up of government officials, researchers from state-run tech institutes, including the Korea Internet [...]
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 [...]
SEOUL, May 18 (Korea Bizwire) – South Korea’s state-run cyber security agency said Thursday that 17 companies have been struck by “WannaCry” so far, but the spread of the ransomware has slowed. The Korea Internet & Security Agency (KISA) said it is keeping a watchful eye on the spread of the ransomware, although the situation [...]
SEOUL, May 16 (Korea Bizwire) – South Korea’s state-run cybersecurity agency said Tuesday 10 companies have been struck by the crippling ransomware “WannaCry” so far, which has been emerging as one of the biggest threats to global cybersecurity. Ransomware refers to malware that locks up files on a computer with encryption until the victims pay [...]
SEOUL, May 15 (Korea Bizwire) – The notorious WannaCry ransomware, which has recently haunted computers around the globe, struck a local movie chain, industry watchers said Monday, causing alarm among South Korean companies. Ransomware refers to malware that infects files in a computer until victims pay a certain amount of money to hackers. The latest [...]
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 [...]
SEOUL, Jan. 23 (Korea Bizwire) – New types of cyberattacks linked to Internet of Things (IoT) devices against key government agencies and social infrastructure-related facilities are likely to increase this year, a report showed Monday. According to the report by the state-run Korea Internet & Security Agency (KISA), a series of so-called distributed denial of [...]
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 [...]