South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
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South Korea announces a nationwide cybersecurity overhaul after a review uncovers security deficiencies at 130 banks, crypto exchanges and other financial firms, prompting tougher assessment standards and mandatory remediation deadlines; regulators will require real‑time threat monitoring, incident‑response drills and stricter vendor controls, a move expected to boost investor confidence and stabilize the domestic crypto market.
South Korea is proposing tougher cybersecurity assessments after a review identified security deficiencies at 130 financial firms.