Wave of cyber breaches exposes growing risks to S. Korea's digital economy

What happened: A wave of cyberattacks on South Korean banks, telecom operators, businesses and government agencies has exposed growing risks to the country's digital economy, prompting government inspections and tighter security plans. Key Why it matters: The breaches have raised concerns that cyber threats could go beyond data theft to disrupt financial services, business operations and industrial supply chains. Experts say companies must focus on prevention, and KISIA chairman Kim Jin-soo called for significantly higher cybersecurity investment from businesses and the government.

A wave of cyberattacks on South Korean banks, telecom operators, businesses and government agencies has exposed growing risks to the country's digital economy, prompting government inspections and tighter security plans. Key

The breaches have raised concerns that cyber threats could go beyond data theft to disrupt financial services, business operations and industrial supply chains. Experts say companies must focus on prevention, and KISIA chairman Kim Jin-soo called for significantly higher cybersecurity investment from businesses and the government.