FSC orders banks, card firms to conduct security checks

South Korea’s financial regulator on Friday ordered banks and credit card companies to conduct security checks following a series of cyberattacks involving Shinhan Bank and KB Kookmin Bank. The Financial Services Commission said it would promptly collect the results and use them to develop measures to strengthen cybersecurity in the financial sector. The FSC held an emergency meeting chaired by Secretary General Shin Jin-chang to share information on recent data breaches, including the types and

Source: The Korea Herald