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South Korea Targets Crypto Firms in Major Security Crackdown

By Damilola Esebame

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Source excerpt · FinanceFeeds

South Korea's Financial Services Commission (FSC) has proposed sweeping cybersecurity reforms after security incidents at 16 financial companies exposed approximately 100,000 customer records. Gopax operator Streami and crypto exchange Prabang are among the affected businesses, the regulator confirmed following its second emergency response meeting in Seoul on October 14. Breaches Hit Banks, Crypt…