Banks and Crypto Firms Targeted as South Korea Plans Cybersecurity Overhaul

Regulators plan tougher security rules following a string of hacks targeting financial and digital asset platforms. South Korea's government is preparing a broad cybersecurity overhaul after cyberattacks hit banks and cryptocurrency firms across the country. The move follows reports of at least 16 separate hacking incidents affecting financial institutions and crypto platforms in recent months. The scale of the attacks has pushed regulators to reconsider existing digital security requirements. South Korea has one of the world's most active retail crypto trading markets, making its exchanges and payment systems attractive targets for hackers seeking financial gain or sensitive user data.

Source: TheCoinrise