South Korea's Lee pushes cybersecurity 'czar' body after Binance hack

South Korea’s president wants one strong agency to lead the country’s fight against hackers. Following a huge crypto theft at Binance and several attacks on Korean financial firms, President Lee Jae Myung has asked officials to study the idea of building an agency. What did South Korea’s president ask for? At a cabinet meeting at the Blue House, President Lee Jae Myung said that the current system of completing security checks and fixing problems after an attack happens is not working well enough. He asked officials to “actively consider forming a powerful and effective cybersecurity ‘tsar’ body” that would lead and organize security work that is now spread across many government offices. Lee also said the country should consider a task force that includes both government and private companies.

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