South Korean Court Holds Ozys Liable for Orbit Bridge Hack

A South Korean court has found Orbit Bridge operator Ozys responsible for a hack that resulted in losses exceeding 110 billion won, approximately $80.5 million. According to NS3.AI, the Seoul Southern District Court has mandated Ozys to compensate a user with 726 million won, or about $531,000, following a lawsuit over the financial loss. The court determined Ozys's liability at 70%, taking into account the company's security enhancements and swift notification to investigative authorities.