South Korea Proposes Tougher Cybersecurity Checks for Financial Firms
Edited by Steinar Vigdel Kolnes, Editor, Oslo
South Korea is seeking stricter cybersecurity assessments after a review found security shortcomings at 130 financial firms.
South Korea has proposed strengthening cybersecurity assessments following attacks affecting banks and cryptocurrency companies, according to Cointelegraph.
The proposal follows a review that uncovered security weaknesses across 130 financial firms, highlighting gaps in the sector’s defenses.
The planned changes would tighten scrutiny of cybersecurity practices. Details on the assessment requirements and implementation schedule were not provided in the report.
Source: Cointelegraph
