Retail giant E-Land suspends operations at nearly half of stores due to ransomware attack

(E-Land Group)

South Korean fashion and retail conglomerate E-Land Group said Sunday it has suspended operations at nearly half of its stores in the country due to a ransomware attack.

The group said its corporate network system was attacked by ransomware early in the morning. Such a malware attack has forced 23 of its 50 branches of NC Department Store and NewCore Outlet to halt their operations, E-Land added.

Ransomware is software that intentionally blocks users from accessing their digital files unless a payment is made for a decryption key.

The group said it has currently shut part of its corporate network system to minimize the damage and has asked the police to investigate the cyberattack. (Yonhap)