TechFlow news, December 4: The security systems of most South Korean cryptocurrency exchanges remain concerning despite serving over 10 million investors. Reports indicate that the majority of exchanges have not obtained ISMS-P personal information protection certification, with major platforms allocating only about 10% of total IT investment to security and maintaining insufficient ratios of dedicated security personnel. Struggling mid- and small-sized exchanges are even considering lowering their security standards to meet only minimum requirements. Experts point out that combining the roles of information security officer and personal data protection officer is detrimental to systematically addressing security incidents. Recently, multiple institutions including industry leader Upbit have experienced consecutive security incidents, raising investor concerns.
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