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Financial sector hacking leaks 100,000 records; FSC tightens CEO security accountability

A string of hacks targeting South Korea\'s financial sector has led to confirmed breaches at 16 financial companies and the leakage of about 100,000 items of personal information, authorities said. After an emergency inspection of 555 financial firms, 130 reported shortcomings in security management. The Financial Services Commission plans institutional changes to strengthen CEOs\' and boards\' responsibility for security, expand vulnerability checks and improve threat-information sharing and monitoring systems.