Cybersecurity incident
Date: 2017-12-19 00:00:00
Affected organization: Youbit
Affected country: Korea (the Republic of)
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Exploitation of Application Server
Motive: Financial
Actor: Undetermined
Actor type: Criminal
Actor country: Undetermined
Description: The South Korean Bitcoin exchange Youbit, previously known as Yapizon quits its operation and files for bankruptcy due to two cyber attacks in the last eight months. The company suffers another data breach in which 17% of total assets have been stolen.