The Personal Information Protection Commission (PIPC), South Korea’s data protection regulator, has fined e-commerce giant Coupang a record 624.6 billion won (roughly $409 million) following a massive data breach affecting more than 37 million customers […]
Tag: Korea’s
AI, Global Security News
Chinese, N. Korean Threat Groups Build on Asia-Pacific Success
North Korea’s gross domestic product (GDP) has grown, in part because of the cybercrime gains of groups linked to the nation, which target business and financial firms.
Global Security News
North Korean Blamed for $290m KelpDAO Crypto Heist
North Korea’s Lazarus Group is pegged for a $290m crypto theft at KelpDAO
AI, Exploits, Global Security News, Network Security, Risk Management
US nationals sentenced for aiding North Korea’s tech worker scheme
Two New Jersey men were sentenced Wednesday for facilitating North Korea’s long-running scheme to plant operatives inside U.S. businesses as employees, generating more than $5 million in illicit revenue for the regime, the Justice Department said. The U.S. nationals — Kejia Wang, also known as Tony Wang, and Zhenxing Wang, also known as Danny Wang…
Global Security News
They seized $4.8m in crypto… then gave the master key to the internet
South Korea’s National Tax Service (NTS) has found itself in the middle of a deeply embarrassing – and costly – blunder after accidentally handing thieves the master key to a seized cryptocurrency wallet. Read more in my article on the Hot for Security blog.
Global Security News
$4.8M in crypto stolen after Korean tax agency exposes wallet seed
South Korea’s National Tax Service accidentally exposed the mnemonic recovery phrase of a seized cryptocurrency wallet in an official press release, allowing hackers to steal 6.4 billion won ($4.8M) worth in cryptocurrency. […]
AI, Global Security News
KleanNara Partners with Rimini Street to Accelerate Digital Transformation
COMPANY ANNOUNCEMENT: South Korea’s leading paper manufacturer cuts ERP support costs and improves response times with Rimini Street’s AI-driven solutions
AI, APAC, Global Security News, Government & Policy, malware
Lazarus APT group deployed Medusa Ransomware against Middle East target
North Korea’s Lazarus Group used Medusa ransomware in an attack on an unnamed Middle East organization, researchers report. The North Korea-linked Lazarus APT Group, also known as Diamond Sleet and Pompilus, has been spotted deploying Medusa ransomware against an unnamed organization in the Middle East, according a new report from the Symantec and Carbon Black…
AI, Data Breaches, Global Security News, malware, privacy
South Korea fines Louis Vuitton, Christian Dior, Tiffany $25M for SaaS security failures
South Korea’s data protection authority has handed down a combined KRW 36 billion (approximately US$25 million) in administrative fines to the local subsidiaries of three global luxury houses, after finding they failed to implement basic security controls while managing customer data through a SaaS platform. The Personal Information Protection Commission (PIPC), South Korea’s top privacy…