Regulation· ★★★· neutral·

South Korea's FSC: 130 of 555 financial firms report weak cybersecurity

  • —130 of 555 financial firms (23.4%) flagged cybersecurity gaps in self-audit
  • —Incidents hit 16 organizations, including crypto exchanges Gopax and Pravang
  • —Leak preliminarily estimated at 100,000 records; no passwords or card numbers taken
  • —FSC proposes doubling vulnerability audits from once to twice a year
Why it matters: Tighter Korean cyber rules set a benchmark for crypto exchanges and could raise compliance costs across the sector.
Source: ForkLog
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