South Korean President Lee Jae-myung calls for cross-government cybersecurity agency to respond to Binance hack
According to Reuters, South Korean President Lee Jae-myung addressed the recent theft of billions of dollars’ worth of crypto assets from Binance at a cabinet meeting on November 3, calling for a robust cross-government cybersecurity coordination agency to oversee security efforts across the public and private sectors. Lee said that as AI drives increasingly sophisticated hacking techniques, the limitations of the existing security system—which focuses primarily on post-incident inspections and responses—have become clear, and proactive prevention mechanisms must be established. South Korea’s National Intelligence Service has launched emergency security inspections of more than 2,100 central and local government departments and public institutions. The FBI previously attributed the Binance hack to North Korean hackers, but North Korea has denied involvement.
According to Reuters, South Korean President Lee Jae-myung addressed the recent theft of billions of dollars’ worth of crypto assets from Binance at a cabinet meeting on November 3, calling for a robust cross-government cybersecurity coordination agency to oversee security efforts across the public and private sectors. Lee said that as AI drives increasingly sophisticated hacking techniques, the limitations of the existing security system—which focuses primarily on post-incident inspections and responses—have become clear, and proactive prevention mechanisms must be established. South Korea’s National Intelligence Service has launched emergency security inspections of more than 2,100 central and local government departments and public institutions. The FBI previously attributed the Binance hack to North Korean hackers, but North Korea has denied involvement.