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Search results for Connected Information

Telecommunications & Media

Korea broadcast media communications commission considers 1-year validity for CI, plans legal revision next year

South Korea’s Broadcast Media Communications Commission is reviewing a plan to set a 1-year validity period for connected information (CI) used to identify individuals online. It plans to prepare an institutional improvement plan within this year and push for related legal revisions from next year. In a written reply to lawmakers, the commission said it is considering 1 year to balance security and service continuity and is also reviewing renewal cycles, replacement procedures and implementation feasibility.

Finance

Hacking emergency spreads from banks to savings banks and capital firms in South Korea finance sector

Hacking attacks that targeted South Korea’s five biggest banks are spreading to secondary financial firms including savings banks and capital companies. Customer data leaks were confirmed at Shinhan, KB Kookmin and Hana, while leaks were also reported at Yegaram Savings Bank and Hyundai Capital. Woori Bank and NH Nonghyup Bank were attacked but no data leak has been confirmed. Regulators are bringing forward inspections and calling an emergency meeting of finance industry heads and affected CEOs.

Telecommunications & Media

Almost all Tving accounts compromised after poor access key management

Tving suffered a hacking incident that leaked information on 39.54 million user accounts, effectively all accounts on the platform, an investigation team said on Wednesday. Attackers stole a developer access key, penetrated the development environment and then accessed production systems to extract personal data. Leaked data included IDs, encrypted passwords and other personal information, while 361 development projects containing source code were also taken. No confirmed misuse has been found so far.