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South Korea plans immediate security-incident reporting for virtual asset firms

NewsFeeds update

South Korea's Financial Services Commission said on 5 November it will draft guidelines requiring virtual asset service providers to notify the Financial Supervisory Service and the Financial Security Institute as soon as they detect a security incident. It also plans a Digital Financial Security Act, with legislation submitted in the first quarter of 2027.

RegulationOdailyAINeutral

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The story so far: South Korea crypto and finance cyberattacks

South Korea's national security office called an emergency meeting over cyberattacks on financial firms and crypto exchanges, assessing damage at Bithumb and Mirae Asset. The FSC will now hold an emergency AI security meeting on 5 Nov with the heads of five major banks, following a rise in hacking incidents. The FSC…

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  1. South Korea's FSC plans tighter cyber security checks for financial firms

  2. South Korea's national security office calls emergency meeting over Bithumb cyberattacks

  3. Changpeng Zhao urges users to limit shared data after breaches

  4. Bithumb says hacked internal system is separate from its trading platform

  5. South Korean police open preliminary probe into hacks at Mirae Asset, Daishin Securities and Bithumb

  6. Bithumb hack may have exposed customer data, Yonhap says

  7. South Korea's FSC to hold emergency AI security meeting with five bank chiefs on 5 Nov

  8. South Korea FSS chief orders security review including crypto firms

  9. South Korea plans immediate security-incident reporting for virtual asset firms

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.