8.7 million cell phones hacked in South Korea

AND on that note (speaking about the previous post) I just learned a very popular cell phone provider was hacked big time, providing the 2 hackers with 1 billion won ($877,000) for a few hours before they got caught.

NICE!

The company says hackers stole subscribers’ names, phone and personal identification numbers, and then sold the data to telemarketers.

The hackers made an estimated 1bn won (£560,518; $877,000) from the sale.

An illegally installed computer program had collected subscribers’ information over several months, KT Corp said.

“It took nearly seven months to develop the hacking program and [the suspects] had very sophisticated hacking skills,” the company told the Yonhap News agency.

KT is also second biggest mobile operator in South Korea.

The company apologised to its subscribers, promising to “strengthen the internal security system and raise awareness of security among all employees to prevent causing inconvenience to customers,” Yonhap News quoted KT as saying.

Attacks common

In July 2011, South Korea said it had traced the theft of data from 35 million accounts from the Cyworld website and the Nate web portal, both run by SK Communications, to computer IP addresses based in China.

In April 2011, hackers targeted a government-backed bank in South Korea. And in May the same year, data on more than 1.8 million customers was stolen from South Korean consumer finance company Hyundai Capital.

Click here to read the rest

Advertisements
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: