South Korea is planning stricter cybersecurity assessments after identifying security deficiencies at 130 out of 555 financial firms reviewed. The Financial Services Commission (FSC) announced measures to improve threat monitoring, increase security assessment frequency and strengthen executive accountability. Approximately 100,000 pieces of customer information were exposed, including names, contact details and identification numbers. Affected companies include Streami, operator of the Gopax platform, as well as Prabang. The proposed reforms would require larger financial institutions to undergo vulnerability assessments at least twice annually.
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