South Korea banks hit by Russia–North Korea ransomware alliance
NegativeCryptocurrency
- South Korea's financial sector has been targeted by a coordinated supply chain attack involving Qilin ransomware, resulting in the theft of 2 TB of sensitive banking data attributed to a collaboration between Russia and North Korea.
- This incident raises significant concerns regarding the security of South Korea's financial institutions and their ability to protect sensitive information from sophisticated cyber threats, potentially undermining public trust and financial stability.
- The attack highlights a growing trend of cybercrime linked to North Korea, which has reportedly infiltrated a substantial portion of cryptocurrency firms, raising alarms about the broader implications for global financial security and regulatory compliance in the cryptocurrency sector.
— via World Pulse Now AI Editorial System
