Two South Korean Banks Hacked – ATMs Down

A man uses his mobile phone at Shinhan Bank automated teller machines (ATM) as employees (L) of the bank put a 'out of service' notice for the ATMs, on a window after a hacking attack in central Seoul March 20, 2013. REUTERS-Lee Jae-Won

A man uses his mobile phone at Shinhan Bank automated teller machines (ATM) as employees (L) of the bank put a ‘out of service’ notice for the ATMs, on a window after a hacking attack in central Seoul March 20, 2013. REUTERS-Lee Jae-Won

What would be the best way to instill fear into a society without firing a shot? Steal their money through a new “tax” as in Cyprus? Shut down ATMs due to “computer problems” or hacker attacks? The recent series of bank attacks and market manipulation have gone unnoticed by the public. What would you do without access to your money? Would you look to the government for your security and well-being?

Whether North Korea or China is responsible for the South Korean hack attacks, the consequences of our reliance on 1’s and 0’s at all levels of our lives should be recognized and contingencies implemented.

David DeGerolamo

South Korea raises alert after hackers attack broadcasters, banks

South Korean authorities were investigating a hacking attack that brought down the servers of three broadcasters and two major banks on Wednesday, and the army raised its alert level due to concerns of North Korean involvement.

Servers at television networks YTN, MBC and KBS were affected as well as Shinhan Bank and NongHyup Bank, two major banks, the police and government officials said. At least some of the computers affected by the attacks had some files deleted, according to the authorities.

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