Known as one of the most powerful tech hubs, the companies and enterprises in South Korea have become one of the most tempting targets for criminals. Similar to other digital countries, over the last years there is an increasing tendency for regular cyber attacks against private businesses and public infrastructure, and governmental institutions. Since 2017, the number of recorded incidents against private businesses has increased by 119.5%
, which exposes a serious problem of digital security in South Korea.
In 2021, there were over seven thousand cases
of online hacking across the country, 9 out of 10 cases being conducted through malicious code hidden infections. Of course, compared to the statistics reported in the US, Canada, or Europe, these numbers are comparatively small. Nevertheless, most of the cyber attacks in South Korea hit the performance of hundreds of in-country and international businesses, causing significant damage to their reputation and capital losses.
Therefore, more and more companies start questioning: what precautions can assist in avoiding cyber incidents, how to protect their internal and external systems from the various attacks, and prevent those from affecting their performance, revenues and authority.
Learning from the experience of other businesses is one of the most effective approaches to detecting and eliminating the existing vulnerabilities and getting ready for the possible scenarios of hacking attacks. In this article, we'll discuss the most notable cases of security breaches in South Korea, explaining their nature and specific outcomes for the affected companies and enterprises. This will give you a better understanding of the key strategies used, as well as the list of security vulnerabilities that are the most enticing targets for criminals.