(2nd LD) Regulator instructs financial firms to check security systems over series of cyberattacks on banks

South Korean financial regulators issued an emergency directive on Friday, October 2, requiring all financial institutions to conduct comprehensive security inspections. This mandate follows a recent series of cyberattacks targeting domestic banks, prompting authorities to prioritize the fortification of digital infrastructure against potential threats.

The directive serves as a preventative measure to ensure the stability of the national financial sector. By ordering firms to audit their existing security systems, regulators aim to identify vulnerabilities and mitigate the risk of further unauthorized access or service disruptions resulting from the ongoing wave of cyber incidents.