KISA and Ministry of Science and ICT Hold 'Ransomware Resilience Conference'

[Asia Economy Reporter Lim Hye-seon] The Korea Internet & Security Agency (KISA) announced on the 29th that, together with the Ministry of Science and ICT, it will hold the country's first '1st Ransomware Resilience Conference' on the 20th of next month, bringing together industry, academia, research, and government to share trends in ransomware attacks and corresponding countermeasures.

Ransomware is a cyberattack that encrypts victims' data through hacking and demands money in exchange for decrypting it, with the scale of damage increasing globally. The damage scale surged from 380 billion KRW in 2015 to 23.6 trillion KRW last year. It is projected to increase to 84.3 trillion KRW by 2026. Recently, ransomware attacks have evolved into a service model where even those without specialized knowledge can carry out attacks by simply paying a fee, lowering the entry barrier for cybercrime.

The detailed program will begin with an introduction to KISA's 'Efforts to Minimize Ransomware Damage,' followed by presentations on ▲ AI-based autonomous blocking technology ▲ ransomware investigation cases ▲ domestic and international ransomware recovery trends and techniques. The conference will conclude with a panel discussion on the current status of ransomware attack responses.

Since 2017, KISA has been promoting ransomware encryption technology research, recovery tool development, and attack trend analysis, starting with international cooperation through No More Ransom for systematic ransomware response. This conference was organized to raise awareness of the need for active ransomware response to realize a safe digital platform government. It will be held annually to continuously explore ransomware response and prevention measures with stakeholders from various fields such as national, public, financial, and academia.

This content was produced with the assistance of AI translation services.