South Korean authorities are investigating a cyber attack which brought down the servers of two major banks on 20 March.

The Korea Internet Security Agency said computer networks at Shinhan Bank and Nonghyup Bank had been severely disrupted as a result of the attack.

Shinhan Bank reported a two-hour system shutdown that affected online banking and ATMs.

The bank said systems had been restored and that no customer information had been compromised.

Authorities investigating the cause of the system failures and the national security office declined to comment on where the attack may have originated, although speculation centres on North Korea.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Related articles:

Chase Bank deny hacking after vanishing balances

JP Morgan Chase website goes down after cyber assault

UK bank customers worried about security lapses