Furthermore, the South Korean police, who are investigating this matter, claims the digital breadcrumbs lead to the North Korean spy agency. A specific IP address has been detected, as well as used codes, which related to previous attacks by North Korea against their Southern neighbors.
But the threats by North Korea extend to the cyberspace department as well. South Korean officials claim the North has âan effective cyber armyâ, which has been responsible for various attacks over the past few years. It would not be entirely surprising if these hackers were behind the data theft of millions of consumer details.
Preliminary reports seem to indicate North Korea is behind the theft of millions of consumer records. The evidence pointing in this direction comes in the form of expressions used by the hacker. Apparently, a South Korean online shopping platform has been breached, resulting in 10 million personal records being stolen.
Even though South Korean officials have been on high alert in the cyber division, not every attack can be thwarted. North Korea began its nuclear tests again about a year ago and has been sanctioned by the UN about their missile launch in February of this year. Something is going on in that country, yet it is everybodyâs guess as to what will be next.
At the same time, this begs the question as to why companies are still using archaic databases for storing vital records. Or to be more precise, why these records can be accessed through the Internet with relative ease. Either store the data offline or step up the data storage infrastructure with newer technologies, such as the blockchain.
Header image courtesy of Shutterstock
The war between North Korea and South Korea is still going on behind the scenes to this very day. A new report surfaced as to how North Korean hackers stole data of over 10 million South Korean shoppers. While these claims have yet to be proven, the police are investigating the data breach. Once again, this is a clear example of how more secure solutions are needed to safeguard consumer data.
Unlike traditional centralized data storage solutions, the blockchain can be used in a decentralized and distributed manner. It would still be possible to access records conveniently, but not all of the details would be kept in one place. Additional security features could be added on top of such a solution, such as requiring a particular token to access data.
Blockchain for Taxation?
The only certainties in life are death and taxes, or so says the old adage. The problem, of course, is that death is usually a surprise, and taxation takes forever anyway. At least it used to. One
DAO.Casino and True Flip Announce Strategic Partnership
True Flip, the provably fair international blockchain lottery, and DAO.Casino, the decentralized gambling protocol are pleased to report that numerous agreements have been reached, which results in th
GMO Internet Launches Blockchain OSS to Enable Widespread DLT Adoption
Distributed Ledger Technology (DLT) is one of the hottest technology platforms these days. Businesses across various industries are currently exploring the implementation of blockchain solutions into
Bitcoin Price Surges to One-Month High as Tech Outlook Improves
After dropping to a low of $1,836 this weekend, the bitcoin price is once again climbing back toward all-time highs.
According to CoinDesk's Bitcoin Price Index, the price of bitcoin rebounded to $
Ethereum Multisig Breach Continues Wreaking Havoc
News broke yesterday of a massive breach of the Ethereum system, allowing hackers to steal more than 83,000 ETH (~$18 mln) from three major multisig wallets and deposit them into a single wallet.
Garza Pleads Guilty: GAW Miners CEO Cops to $9 Million Fraud
Controversial cryptocurrency executive Josh Garza has plead guilty to one count of wire fraud.
As reported by CoinDesk earlier this week, Garza was rumored to have been preparing the plea, one for
Bitcoin bubble dwarfs tulip mania from 400 years ago, Elliott Wave analyst says
Just as many on Wall Street are warming up to bitcoin, one of the lone financial analysts who forecast a surge when the digital currency was just six cents now has an extremely negative view. "A
Price Analysis: Bitcoin, Ethereum, Litecoin
Just as other cryptocurrencies, BTC was subject to the overwhelming correction. At one moment, BTC experienced a harsh fall with a clear $1,800 to $1,900 support zone. However, trading volumes were