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South Korea Orders Security Checks After Finance Data Breaches

Original: Korea Orders Security Checks After Finance-Sector Data Breaches

South Korean authorities have ordered security inspections across the financial sector following a series of data breaches at financial institutions. The directive requires firms to review their data-protection systems and report vulnerabilities. The move comes amid growing public concern in South Korea over the handling of sensitive customer information by banks and other financial companies.

Why now: Recent data breaches at South Korean financial institutions have raised alarms about customer data protection, prompting regulators to act.

South KoreaSouth Korean financial sectorfinancial regulators

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