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Time of India
04-07-2025
- Business
- Time of India
South Korea penalises 'negligent' SK Telecom over major data leak
Academy Empower your mind, elevate your skills South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country's biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user measures come after SK Telecom in April disclosed that it had suffered a major leak of customer data caused by a malware attack. Shares in SK Telecom closed down 5.6% on Friday."SK Telecom failed to fulfil its duty of care to protect USIM data and did not comply with relevant regulations," the Ministry of Science and ICT said in a statement."Therefore, the company is deemed negligent in this incident," the ministry said as it announced the results of the government's probe into the data refers to universal subscriber identity module cards used in smart ministry said it would impose a fine of up to 30 million won ($21,970), and SK Telecom must enforce security measures at least once a quarter, have its chief executive officer directly oversee data governance, and increase personnel and investment in data security. Following the government's announcement, SK Telecom unveiled a variety of measures to compensate its affected customers and beef up information company will invest about 700 billion won ($513.38 million) over five years for data protection and give a discount of 50% for August subscription fees for all of its 24 million customers, it said in a statement."All SK Telecom executives and employees take the results of the public-private joint investigation very seriously and once again sincerely apologise to customers and society for the cyber breach incident," SK Telecom CEO Ryu Young-sang Telecom also slashed its forecast for 2025 revenue by 800 billion won to reflect the cost of about 500 billion won for the customer benefit package in relation to the cyber breach incident, the company said in a regulatory Minister Yoo Sang-im called the case "a wake-up call for information protection" for the overall network Group Chairman Chey Tae-won apologised last month for the data leak and SK Telecom said it would take full responsibility for any harm caused as a result of the breach, which has caused alarm among its 23 million users over the possible theft of personal and financial mobile carrier said it would start offering USIM replacements to all 23 million users for free at more than 2,600 retail stores nationwide following the cybersecurity 9.39 million users have replaced their USIMs as of late June, according to SK Telecom.
Economic Times
04-07-2025
- Business
- Economic Times
South Korea penalises 'negligent' SK Telecom over major data leak
The ministry said it would impose a fine of up to 30 million won ($21,970), and SK Telecom must enforce security measures at least once a quarter, have its chief executive officer directly oversee data governance, and increase personnel and investment in data security. Following the government's announcement, SK Telecom unveiled a variety of measures to compensate its affected customers and beef up information protection. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country's biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user measures come after SK Telecom in April disclosed that it had suffered a major leak of customer data caused by a malware attack. Shares in SK Telecom closed down 5.6% on Friday."SK Telecom failed to fulfil its duty of care to protect USIM data and did not comply with relevant regulations," the Ministry of Science and ICT said in a statement."Therefore, the company is deemed negligent in this incident," the ministry said as it announced the results of the government's probe into the data refers to universal subscriber identity module cards used in smart ministry said it would impose a fine of up to 30 million won ($21,970), and SK Telecom must enforce security measures at least once a quarter, have its chief executive officer directly oversee data governance, and increase personnel and investment in data security. Following the government's announcement, SK Telecom unveiled a variety of measures to compensate its affected customers and beef up information company will invest about 700 billion won ($513.38 million) over five years for data protection and give a discount of 50% for August subscription fees for all of its 24 million customers, it said in a statement."All SK Telecom executives and employees take the results of the public-private joint investigation very seriously and once again sincerely apologise to customers and society for the cyber breach incident," SK Telecom CEO Ryu Young-sang Telecom also slashed its forecast for 2025 revenue by 800 billion won to reflect the cost of about 500 billion won for the customer benefit package in relation to the cyber breach incident, the company said in a regulatory Minister Yoo Sang-im called the case "a wake-up call for information protection" for the overall network Group Chairman Chey Tae-won apologised last month for the data leak and SK Telecom said it would take full responsibility for any harm caused as a result of the breach, which has caused alarm among its 23 million users over the possible theft of personal and financial mobile carrier said it would start offering USIM replacements to all 23 million users for free at more than 2,600 retail stores nationwide following the cybersecurity 9.39 million users have replaced their USIMs as of late June, according to SK Telecom.
Time of India
04-07-2025
- Business
- Time of India
South Korea orders SK Telecom to strengthen data security after leak
SEOUL : South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country's biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user data. The measures come after SK Telecom in April disclosed that it had suffered a major leak of customer data caused by a malware attack. The Ministry of Science and ICT said on Friday that it will impose a fine of up to 30 million won ($21,970), and SK Telecom must enforce security measures at least once a quarter, have its chief executive officer directly oversee data governance , and increase personnel and investment in data security. "This... was a wake-up call for information protection not only in the domestic telecommunications industry but also in the overall network infrastructure," Science Minister Yoo Sang-im said in a statement issued after an investigation by the ministry. SK Group Chairman Chey Tae-won apologised last month for the data leak and SK Telecom said it would take full responsibility for any harm caused as a result of the breach, which has caused alarm among its 23 million users over the possible theft of personal and financial information. The mobile carrier said it would start offering free universal subscriber identity module (USIM) replacements to all 23 million users for free at more than 2,600 retail stores nationwide following the cybersecurity breach. About 9.39 million users have replaced their USIMs as of late June, according to SK Telecom.
New Straits Times
04-07-2025
- New Straits Times
South Korea orders SK Telecom to boost data security after major leak
SEOUL: South Korean authorities on Friday ordered SK Telecom to enhance its data security measures and imposed a fine following a cyberattack that exposed nearly 27 million pieces of user data. The directive comes after the country's largest mobile carrier disclosed in April that it had suffered a major data breach caused by a malware attack. The Ministry of Science and ICT said it will impose a fine of up to 30 million won (US$21,970), and required SK Telecom to strengthen its security protocols. These include conducting security audits at least quarterly, placing data governance under the direct oversight of the CEO, and increasing investment and staffing in data security. "This incident serves as a wake-up call for information protection not only in the domestic telecommunications industry but also across the entire network infrastructure," said Science Minister Yoo Sang-im in a statement, following a government investigation. SK Group chairman Chey Tae-won apologised last month for the breach, and SK Telecom said it would take full responsibility for any harm caused. The breach has sparked alarm among its 23 million users over the possible theft of personal and financial data. In response, the carrier said it would provide free Universal Subscriber Identity Module (USIM) replacements to all affected users at more than 2,600 retail outlets nationwide. As of late June, around 9.39 million users had replaced their USIM cards, according to SK Telecom.
India Gazette
04-06-2025
- Business
- India Gazette
Starlink to launch satellite network service in South Korea
Seoul [South Korea], June 4 (ANI): Elon Musk's SpaceX will launch Starlink satellite internet service in South Korea, following the approval from government authorities last week, reports the Korean Herald. This launch will mark the rollout of a Low Earth orbit, or LEO, satellite network in the country, which would provide high-speed connectivity in remote and unreachable areas. Seoul's Ministry of Science and ICT gave approval to Starlink for a supply agreement. While a similar type of deal was offered to Hanwha Systems and KT Sat, which are resellers of the UK-based Eutelsat-OneWeb, another low-orbit service provider. According to SK Telink, Starlink's local partner, said that it plans to begin the service as soon as the final regulatory step is cleared -- the conformity assessment of antennas it uses to receive satellite signals, said the report of the Korea Herald. The LEO satellite communication services rely on antennas to receive signals from satellites, unlike conventional mobile networks, where smartphones communicate directly with base stations on the ground. LEO satellite communication services are a high-speed, low-latency internet service which is expected to be particularly helpful for aircraft and maritime vessels, where internet access is local partner aims to expand its product line to include maritime and aviation-specific packages, as well as packages for public institutions. 'When low-orbit satellite telecommunication services launch in Korea, high-speed wifi networks will be available in aeroplanes and vessels,' said ICT Minister Yoo Sang-im. 'For sailors on long voyages, the ability to stream video and make video calls will significantly improve life on board,' he added. Recently, Starlink officially started operations in Bangladesh, which is likely to provide speeds up to 300 Megabits per second (Mbps) in the country. India's major telecom operators, Reliance Jio and Bharti Airtel, have partnered with Starlink to provide Satcom services in India. Starlink's application to provide services in India is pending approval by the Department of Telecommunications. The Indian government has clarified that spectrum for Satcom services will be allotted administratively and not by auction, so that affordable services can be provided to consumers. (ANI)
