Posts Tagged ‘Nothing is Secure’
South Korean Banks Receiving Over 600 Cyber Attacks Daily.
Since 2017, South Korean banks have been targeted to an average of roughly 600 cyberattacks each day, with China being the primary source of attacks, according to the Financial Services Commission of South Korea (FSC). According to Yonhap News Agency, a recent FSC report released by South Korean National Assembly member Kang Min-Kook revealed that 17 banks in South Korea were subjected to 1,091,606 cyberattacks from 2017 to 2021, averaging 598 attacks per day, with at least a third coming from China. The FSC data, according to the report, only includes financial institutions that provide retail banking services. If savings banks, insurance firms, and other financial institutions were included, the number of cyberattacks would be far greater. According to FSC data, foreign IP addresses were responsible for 82.2 percent of cyberattacks, with China accounting for 34.7 percent and the United…Read More
Canadian Parliamentary Security Committee Says They’re At Risk of Severe Cyber Attack Due to Cyber Security Shortcomings.
The committee of MPs and senators in charge of federal security policy has discovered holes in Canada’s cyberdefenses, which might expose several government organizations to state-sponsored hackers from China and Russia. Cyberthreats to government systems and networks, according to the National Security and Intelligence Committee of Parliamentarians, constitute a substantial concern to Canada’s security and government operations, according to a new report. Beijing and Moscow are the most sophisticated cyberthreat actors attacking the government, according to the report, while Iran and North Korea are moderately advanced and offer less of a threat. Although nation states are the most advanced dangers, the committee claims that any actor with harmful intent and technical capability puts the government’s data and electronic infrastructure at risk. The federal government has established a powerful cyberdefence system to fight this threat during the last decade, according to…Read More