South Korea2026.10.03Block Media

Financial Authorities to Inspect Entire Sector, Including Crypto Exchanges, for Hacking Risks; Emergency Meeting Set for Tomorrow

• The Financial Services Commission (FSC) called an emergency meeting on October 4 at the Government Complex Seoul, bringing together heads of financial industry associations and CEOs of breached firms.
• The inspection covers the entire financial sector — banks, insurers, securities firms — as well as digital asset exchanges and fintech companies.
• The move responds to a series of recent hacking and personal data leak incidents, aiming to prevent additional breaches across the industry.