regulation ·
South Korea President calls for cybersecurity czar after $6.3 billion Binance hack
The South Korean president has proposed establishing a centralized government body dedicated to combating cyberattacks, a move prompted by the recent $6.3 billion breach at Binance.
Lee Jae Myung articulated his desire for this nationwide agency to manage cyber threats, noting that the increasing security risks presented by artificial intelligence are impacting both financial institutions and vital infrastructure across the nation.
This push for a dedicated cybersecurity authority reflects a growing recognition among governmental bodies regarding the escalating digital risks facing the financial sector and essential public systems.
Earlier coverage
Reported by CoinDesk.
Topics: regulation, exchange.
