State power companies get cybersecurity orders

2015_02_cybersecurityThe Ministry of Trade, Industry and Energy (MOTIE) says state-run power companies will spend a total of 79 billion won ($71 million) on cybersecurity this year, an increase of 18 billion won. Minister Yoon Sang-jick on Thursday afternoon met with CEOs of 17 state-run energy companies, including the Korea Electric Power Corporation (Kepco), Korea Hydro and Nuclear Power Corporation (KHNP) and Korea Power Exchange.

Kepco, the nation’s sole power distributor, will get 28.4 billion won and KHNP 11.5 billion won. Each of the other companies will receive up to 4 billion won. The budget will be mostly spent on hiring security experts, maintaining internal network infrastructure and expanding maintenance teams. All 17 power companies will have to structure their internal network in five systems, from the current three.

The current system is broken down into a regular network that can access the Internet, an intranet that mainly deals with document processing, and an exclusive network to control the power plant. From now on, the intranet will have an additional system for confidential technical documents like power plant blueprints. The power plant control system will also be split into two networks to beef up security.

For full article, see Joongang Daily.

 

Government to reinforce cyber security manpower

The government said Thursday that it plans to train 5,000 experts by 2017 and boost cooperation among related government agencies to better cope with rising cyber security concerns. According to the Ministry of Science, ICT and Future Planning, the government will also nurture the country’s cyber security-related industry to 10 trillion won (US$8.76 billion) from the current 5 trillion won by the cited year.

The measures came as unidentified hackers attacked the websites of the presidential office, another government agency and several media organizations on June 25, the anniversary of the outbreak of the 1950-53 Korean War that ended in a cease-fire, not a peace treaty. Anonymous, a loosely associated hacking group, has claimed responsibility for the attack.

For full article, see Yonhap News.