{"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":"<p><span style=\"font-weight: 400;\">South Korea\u2019s Presidential Office <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=HQcZUOkkKA4\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">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><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/blogs.microsoft.com\/blog\/2024\/07\/20\/helping-our-customers-through-the-crowdstrike-outage\/\"><span style=\"font-weight: 400;\">flawed software update<\/span><\/a><span style=\"font-weight: 400;\"> sent out by cybersecurity company CrowdStrike on July 19 to its customers running Microsoft Windows caused computers to crash, resulting in the <\/span><a href=\"https:\/\/www.cnbc.com\/2024\/07\/19\/latest-live-updates-on-a-major-it-outage-spreading-worldwide.html\"><span style=\"font-weight: 400;\">global outage<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">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><a href=\"https:\/\/www.nknews.org\/pro\/north-korean-hackers-deploy-new-backdoor-to-gain-access-to-victims-computers\/\"><span style=\"font-weight: 400;\">history<\/span><\/a><span style=\"font-weight: 400;\"> of <\/span><a href=\"https:\/\/www.nknews.org\/pro\/north-korean-hackers-use-google-chrome-extension-to-steal-researchers-emails\/\"><span style=\"font-weight: 400;\">North Korean<\/span><\/a> <a href=\"https:\/\/www.nknews.org\/pro\/north-korean-cybercriminals-posing-as-employers-to-spread-new-macos-malware\/\"><span style=\"font-weight: 400;\">hackers<\/span><\/a><span style=\"font-weight: 400;\"> targeting South Korean entities.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/defense-security\/\"><span class=\"tag\">Defense &amp; Security<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s Presidential Office stated 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 [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2205877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,26,29],"class_list":["post-2205876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-defense-security","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korean companies affected by global IT outage, but damage less severe - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/07\/south-korean-companies-affected-by-global-it-outage-but-damage-less-severe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korean companies affected by global IT outage, but damage less severe - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s Presidential Office stated that around 10 domestic companies were affected by last week\u2019s global IT crash caused by a flawed software update from cybersecurity company CrowdStrike. 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