Cybersecurity News that Matters

Cybersecurity News that Matters

Daily briefing: South Korea’s drone technology compromised in ransomware

Illustration by Areum Hwang, The Readable

by Dain Oh

Nov. 21, 2024
7:30 PM GMT+9

Daily Briefing is a curated listicle made available by The Readable. We select a handful of significant stories worth sharing with our readers and present them in an easy-to-read, accessible format. Dain Oh and Minkyung Shin collaborate in monitoring, selecting, and reviewing the news articles, with Arthur Gregory Willers contributing to improve the overall readability of the briefing.


1. Critical drone technology compromised in ransomware attack, South Korean intelligence agency investigates – South Korea’s Korea Economy TV

A ransomware attack has targeted South Korean drone companies, compromising sensitive technologies, according to the National Intelligence Service (NIS). The breach impacted a research institute working on military projects, including the development of unmanned aerial vehicle (UAV) components. Attackers used phishing emails disguised as official messages to infiltrate smaller firms with weaker cybersecurity defenses. While major defense contractors like LIG Nex1 and Hanwha Systems successfully blocked the attack, smaller companies suffered significant breaches. The NIS is investigating the origins of the incident.

The attack revealed vulnerabilities in South Korea’s defense systems, including critical technology tied to a multifunctional smart sensor used in UAV operations. It underscores the growing risks faced by smaller firms with insufficient cybersecurity, as attackers target weak points to gain access to advanced innovations. The NIS is inspecting servers and tracing the breach to minimize fallout and protect national technological assets.

Experts are calling for stronger cybersecurity measures across defense sectors amid a rise in targeted phishing attempts linked to recent geopolitical tensions involving UAVs. Industry leaders warn that even small lapses in security could lead to serious national security threats.

2. Mexico’s president says government is investigating reported ransomware hack of legal affairs office – AP

The Mexican government is investigating a reported ransomware attack on its presidential legal affairs office. The hacking group Ransomhub claims to have stolen 313 gigabytes of sensitive files, including personal data from a government employee database. The group is allegedly demanding a ransom within 10 days to avoid publicly releasing the information. Leaked samples reportedly include contracts, insurance records, and financial documents.

President Claudia Sheinbaum addressed the ransomware attack during her morning briefing, noting that she is awaiting a detailed report on the incident. The targeted office handles federal non-criminal legal matters. This breach follows a similar incident in January, when the personal information of 263 journalists covering presidential activities was leaked, allegedly due to compromised credentials from a former employee.

If confirmed, the attack highlights ongoing vulnerabilities in Mexico’s government cybersecurity. These breaches risk exposing sensitive data to public and criminal misuse, sparking concerns about the adequacy of protections for critical information systems.

3. South Korea’s judiciary boosts cybersecurity budget following major hacking and DDoS attacks – South Korea’s Kyunghyang Shinmun

The South Korean judiciary has significantly boosted its cybersecurity budget for 2024 following major cyberattacks, including incidents linked to North Korea’s Lazarus hacking group and a large-scale DDoS (Distributed Denial of Service) attack. The proposed budget totals 141.5 billion won (approximately $106 million), a 43.56% increase from this year’s 98.5 billion won (approximately $73 million). Key allocations include 98.36 billion won (approximately $73.6 million) for upgraded security equipment and antivirus software—a 58% rise—and 2.32 billion won (approximately $1.74 million) for an Intelligent Security Operations System (ISP) to bolster defenses against hacking and malware.

The judiciary’s decision follows high-profile breaches, including a 2022 hack that stole 1,014 GB of personal data and this year’s massive DDoS attack, which caused a nationwide court website shutdown. The budget also allocates additional funds for consulting and monitoring services to address security gaps. Officials anticipate these measures will enhance the judiciary’s defenses against increasingly sophisticated cyber threats.

The proposed budget is pending approval by the National Assembly. Legal administrators stress that the increased funding will enable critical infrastructure upgrades and proactive security measures, helping to protect the judiciary’s digital systems and sensitive data from potential threats.

4. US charges five in ‘Scattered Spider’ hacking scheme – Reuters

U.S. prosecutors have charged five alleged members of the hacking group Scattered Spider, accused of targeting dozens of companies and individuals across industries such as gaming, telecommunications, and cryptocurrency. The suspects, who were in their teens or early 20s at the time, are accused of using phishing attacks to steal login credentials and millions of dollars in cryptocurrency between 2021 and 2023. Victims include at least 12 major corporations and hundreds of thousands of individuals, though specific names have not been disclosed.

Scattered Spider, known for its aggressive and organized cyberattacks, gained notoriety in 2023 for ransomware attacks on casino giants Caesars Entertainment and MGM Resorts. However, it remains unclear whether the charged defendants were involved in those incidents. Authorities tracked one suspect, Tyler Buchanan, through domain registrations, leading to arrests in Spain, North Carolina, and other locations. The defendants face multiple charges, including conspiracy, aggravated identity theft, and wire fraud.

The case marks a shift in law enforcement’s approach to tackling cybercrime, with experts highlighting a growing focus on hackers exploiting online anonymity. “The days of easy money and no consequences are over,” said cybersecurity expert Allison Nixon, urging young cybercriminals to disengage before facing severe penalties.


Editor’s note: The summaries of each article were created by ChatGPT 4o and reviewed by Dain Oh.

Subscription

Subscribe to our newsletter for the latest insights and trends. Tailor your subscription to fit your interests:

By subscribing, you agree to our Privacy Policy. We respect your privacy and are committed to protecting your personal data. Your email address will only be used to send you the information you have requested, and you can unsubscribe at any time through the link provided in our emails.

  • Dain Oh
    : Author

    Dain Oh is a distinguished journalist based in South Korea, recognized for her exceptional contributions to the field. As the founder and editor-in-chief of The Readable, she has demonstrated her expe...

    View all posts
Coauthor:
Stay Ahead with The Readable's Cybersecurity Insights