A timeline of South Korean telco giant SKT's data breach

A timeline of South Korean telco giant SKT’s data breach

In April, South Korea’s telco giant SK Telecom (SKT) was hit by a cyberattack that led to the theft of personal data on approximately 23 million customers, equivalent to almost half of the country’s 52 million residents. At a National Assembly hearing in Seoul on Thursday, SKT chief executive Young-sang Ryu said about 250,000 users have switched to a different telecom provider following the data breach. He said that expects this number to reach …

A timeline of South Korean telco giant SKT's data breach

In April, South Korea's telco giant SK Telecom (SKT) was hit by a cyberattack that led to the theft of personal data on approximately 23 million

SKT could lose $5 bil. if early termination fee is waived

SK Telecom CEO Ryu Young-sang said Thursday the company could face significant profit losses if it waives early termination fees for users following a recent data breach incident. During a National Assembly hearing, the CEO said the company estimates it could lose up to 5 million users per month if it waives the early termination fees. This could result in a financial loss of up to 7 trillion won ($5 billion), including both the termination fees…

SK Telecom CEO Yoo Young-sang announced on the 8th that the hacking incident is expected to result in losses of 7 trillion won over the next three years, including exemption of penalties and loss of sales. On that day, CEO Yoo attended a hearing on the SK Telecom hacking at the National Assembly Science, Technology, Information, Broadcasting and Communications Committee.

SK Telecom appeals against waiving early termination fees, predicts losses of 'several trillion won'

SK Telecom visited the National Assembly to appeal against waiving early termination fees for customers switching to other carriers in the wake of its recent hacking incident.