What: a ransomware attack forcing to close down stores.

Why it is important: are you prepared?

E-land is a major and well respected Korean conglomerate operating in retail malls, restaurants, theme parks, and others, as well as 59 stores and 60 brands.

It underwent on the 22nd of November a ransomware attack (a malware hacking a system and used to put the organisation under pressure to pay and eliminate the threat) which forced the company to close half of its operations, for an undetermined period of time.

According to the Korea Times, this kind of attacks against retail businesses has increased worldwide by 14% during the first half of 2020 and is expected to keep on growing due to the increasing weight of digital operations and teleworking.

Korean Retailer 'E-Land' Suffers Ransomware Attack—Almost Half of its Operations Face Shut Down!