South Korean companies affected by global IT outage, but damage less severe



Briefings South Korean companies affected by global IT outage, but damage less severe Presidential office attributes limited impact to domestic IT infrastructure, but concerns over vulnerabilities persist KOREA PROJuly 22, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Microsoft's error message appears at LaGuardia Airport due to CrowdStrike's flawed security update, July 19, 2024 \| Image: Smishra1 via Wikimedia Commons (CC BY-SA 4.0) South Korea’s Presidential Office stated that around 10 domestic companies were affected by last week’s global IT crash caused by a flawed software update from cybersecurity company CrowdStrike. The affected companies have either completed recovery or are in the process of recovery, and the damage is relatively less severe compared to other countries, according to presidential office spokesperson Jeong Hye-jeon. The presidential office attributed the limited impact to South Korea’s “well-established IT infrastructure, such as the Cloud Security Assurance Program (CSAP) and domestic security solutions.” A flawed software updatesent out by cybersecurity company CrowdStrike on July 19 to its © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korean companies affected by global IT outage, but damage less severe

Presidential office attributes limited impact to domestic IT infrastructure, but concerns over vulnerabilities persist

KOREA PROJuly 22, 2024

South Korean companies affected by global IT outage, but damage less severe

Microsoft's error message appears at LaGuardia Airport due to CrowdStrike's flawed security update, July 19, 2024 | Image: Smishra1 via Wikimedia Commons (CC BY-SA 4.0)

South Korea’s Presidential Office stated that around 10 domestic companies were affected by last week’s global IT crash caused by a flawed software update from cybersecurity company CrowdStrike. The affected companies have either completed recovery or are in the process of recovery, and the damage is relatively less severe compared to other countries, according to presidential office spokesperson Jeong Hye-jeon.

The presidential office attributed the limited impact to South Korea’s “well-established IT infrastructure, such as the Cloud Security Assurance Program (CSAP) and domestic security solutions.” A flawed software updatesent out by cybersecurity company CrowdStrike on July 19 to its

South Korean companies affected by global IT outage, but damage less severe

LATEST ANALYSIS

Similar Articles

About the Author

KOREA PRO