SK Telecom shares plunge after data breach due to cyberattack


FILE PHOTO: The logo of SK Telecom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File Photo

SEOUL (Reuters) -SK Telecom shares fell as much as 8.5% on Monday to hit their lowest level since August last year, after South Korea's biggest mobile carrier disclosed it suffered a leak of customer data earlier this month caused by a cyberattack.

The company said in a statement it would take full responsibility for any harm caused as a result of the breach that was detected on April 18. It described the incident as a large-scale leak of data due to malware, without providing more details.

SK Telecom also said it would start offering free universal subscriber identity module (USIM) replacements to all 23 million users for free at more than 2,600 retail stores nationwide from Monday following the cybersecurity breach.

SK Telecom also urged customers to sign up for its USIM Protection Service, which it said provided the same level of prevention as replacing a USIM card.

About 5.54 million people had signed up for the service, accounting for nearly a quarter of SK Telecom's 23 million subscribers as of Sunday, according to the company.

SK Telecom shares closed down 6.7%, posting the biggest daily drop since March 2020, versus the benchmark KOSPI's 0.1% rise.

(Reporting by Heekyong Yang and Jihoon LeeEditing by Ed Davies)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Windows running slow? Microsoft’s 11 quick fixes to speed up your PC
Meta to let users in EU 'share less personal data' for targeted ads
Drowning in pics? Tidy your Mac library with a few clicks
Flying taxis to take people to London airports in minutes from 2028
Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show

Others Also Read