{"id":2205876,"date":"2024-07-22T08:00:10","date_gmt":"2024-07-21T23:00:10","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205876"},"modified":"2024-07-21T21:13:41","modified_gmt":"2024-07-21T12:13:41","slug":"south-korean-companies-affected-by-global-it-outage-but-damage-less-severe","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/07\/south-korean-companies-affected-by-global-it-outage-but-damage-less-severe\/","title":{"rendered":"South Korean companies affected by global IT outage, but damage less severe"},"content":{"rendered":"
South Korea\u2019s Presidential Office <\/span>stated<\/span><\/a> that around 10 domestic companies were affected by last week\u2019s 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.<\/span><\/p>\n The presidential office attributed the limited impact to South Korea\u2019s \u201cwell-established IT infrastructure, such as the Cloud Security Assurance Program (CSAP) and domestic security solutions.\u201d <\/span>A <\/span>flawed software update<\/span><\/a> sent out by cybersecurity company CrowdStrike on July 19 to its customers running Microsoft Windows caused computers to crash, resulting in the <\/span>global outage<\/span><\/a>.<\/span><\/p>\n WHY IT MATTERS<\/b><\/p>\n Last week\u2019s global IT outage highlights the risks associated with relying on interconnected tech ecosystems. While the incident had a limited impact on South Korean companies compared to other countries, it highlights the potential for financial losses, reputational damage and operational challenges when critical systems are compromised, even if the cause is unintentional.<\/span><\/p>\n While this outage was not the result of a cyberattack, it exposes the vulnerabilities that malicious actors could exploit to steal sensitive data, intellectual property, or financial assets. South Korean businesses and government agencies are particularly vulnerable, given the <\/span>history<\/span><\/a> of <\/span>North Korean<\/span><\/a> hackers<\/span><\/a> targeting South Korean entities.<\/span><\/p>\n