South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
Summary
South Korea’s Financial Services Commission plans tighter cybersecurity rules for financial institutions after finding deficiencies at 130 of 555 companies. About 100,000 customer records were exposed across affected firms, including crypto platforms Streami and Prabang. Proposed measures include twice-yearly vulnerability assessments for larger institutions, stronger executive accountability, improved threat information-sharing, possible AI monitoring for smaller firms and extra inspections when urgent threats arise. Investigators have not determined whether AI was involved or whether the incidents shared attackers.
