KR: Financial firms on guard for cyberattack threats

Yonhap News Agency reports:

Banks and other financial institutions in South Korea have been on guard over threats of cyberattacks by alleged financial blackmailers, according to the banks and financial institutions on Tuesday.

No damage has been reported so far, but about 20 banks, brokerages and the Korea Exchange received threats by hacking groups about paralyzing their Web sites.

They received e-mails that set a deadline to transfer funds to the blackmailers to avoid the attacks.

On Monday, four financial institutions — the Korea Financial Telecommunications & Clearings Institute, Suhyup Bank, DGB Daegu Bank and JB Bank — came under a distributed denial of service attack by a hacking extortion group named “The Armada Collective.”

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