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Stock impact report

A breach every month raises doubts about South Korea's digital defenses [TechCrunch]

SK Telecom Co., Ltd. (SKM) 
Company Research Source: TechCrunch
But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain. The country is reeling from a string of high-profile hacks, affecting credit card companies, and telecoms to tech startups and government agencies, affecting vast swathes of the South Korean population. In each case, ministries and regulators appeared to scramble in parallel, sometimes deferring to one another rather than moving in unison. Critics argue that South Korea's cyber defenses are hindered by a fragmented system of government ministries and agencies, often resulting in slow and uncoordinated responses, per local media reports With no clear government agency acting as ‘first responder' following a cyberattack, the country's cyber defenses are struggling to keep pace with its digital ambitions. “The government's approach to cybersecurity remains largely reactive, treating it as a crisis management issue rather than as critical national infras Show less Read more
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