CBS reports that a massive cyberattack on South Korean companies took place on Wednesday. This was truly a heavy-handed hit. Computer networks, television broadcasts and major banks crashed simultaneously.
Customers found that bank machines across the entire country were out of commission and it certainly raises questions of how much our society depends on the internet.
Initial findings point the finger at a Chinese Internet address. CBS reports that the Chinese address created the code in the server of one of the banks where computers crashed. Experts say hackers often attack via computers in other countries to hide their identities.
North Korea seems to be under the microscope since the attack because of threatening Seoul with attack recently. The threat stems from anger over United Nations sanctions imposed for its Feb. 12 nuclear test. Another interesting piece of information is that South Korea has previously accused North Korean hackers of using Chinese addresses.
Infected computers are expected to be fully recovered by next week. In the meantime, government offices, banks, hospitals and other institutions had vaccine software installed to prevent a repeat of this event.
Is this a case of better late than never or a day late and a dollar short?