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South Korean lawmakers demand tech giants disclose cybersecurity budgets

Original: South Korea is shifting from post-breach fines to probing CISO budgets directly. At the National Assembly audit, tech gi

South Korea's National Assembly is pressing major tech firms including SK Telecom, Coupang and Toss Payments to disclose exact cybersecurity spending, marking a shift from fining companies after breaches toward scrutinising security investment directly. Lawmakers questioned chief information security officers at the audit, suggesting a more proactive regulatory approach to corporate cyber governance.

Why now: Lawmakers' direct questioning of CISO budgets during the parliamentary audit signals a new regulatory direction that affects major companies and the wider industry.

SK TelecomCoupangToss PaymentsNational AssemblySouth Korea

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• South Korea is shifting from post-breach fines to probing CISO budgets directly. At the National Assembly audit, tech giants like SK Telecom, Coupang, and Toss Payments face intense questioning on exact cybersecurity spend. This signals a proactive governance shift that could… · asiaai

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