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To: posthumousone who wrote (216793)1/27/2003 12:45:35 AM
From: Win-Lose-Draw  Respond to of 436258
 
oh my god, did they just admit customer banking records are dependant on Microsoft bugware?

that'd be a comforting thought.



To: posthumousone who wrote (216793)1/27/2003 1:31:24 AM
From: BigMoney  Respond to of 436258
 
hmmm. the work of al qaeda? or anti-globalization hackers?
physical gold looks better and better everyday. can't be erased by a computer virus like electronic funds can.

*****

Slammer Worm Hits Korean Shares
35 minutes ago

By Nam In-soo

SEOUL (Reuters) - A virulent computer worm on Monday took its toll on stock trading in South Korea (news - web sites), the world's most wired country, but other countries in the region escaped pretty much unscathed.

Seoul was hit hardest by "SQL Slammer," but firms worldwide had to clean up computer systems after the virus -- which spread through network connections rather than through e-mail -- shut Web servers over the weekend and slowed down the Internet.

The fall-out was felt in some Asian stock markets, but not as hard as if the worm had struck on a working day.

Trading volume at the Korea Stock Exchange was halved as investors steered away from putting orders through Internet brokerages. Stocks of Web security firms zoomed up and Internet service providers slumped in Seoul and Tokyo.

"It is a serious problem that people's life has been disrupted," South Korea President Kim Dae-jung (news - web sites) said in a statement, adding that he had instructed related ministries to take steps to prevent further virus attacks.

South Korean media said police believed the worm originated outside the country and had asked Interpol for help. Other reports said the virus came from Hong Kong, but local officials refuted such talk.

"Some people are claiming it began in Hong Kong, but I don't have any evidence," said S.C. Leung, a senior consultant with the territory's computer emergency response team.

WEB BACK TO NORMAL

South Korea has the world's highest Internet penetration rate and online stock trading normally accounts for half of total market turnover. Internet-savvy South Koreans regularly click a mouse to pay taxes, order pizza, buy clothes and even consult a doctor.

The worm, which spread through network connections rather than e-mail as many viruses do, exploited a weakness in Microsoft Corp's Windows 2000 (news - web sites) (NasdaqNM:MSFT - news) SQL server database software, although it did not delete or otherwise touch data.

news.yahoo.com