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Exchanges
The South Korean government has released the results of its security inspection of cryptocurrency exchanges. Only seven of them passed to the 85 of the inspection points. Fourteen previously-inspected exchanges have not yet improved and 17 new crypto exchanges did not meet security standards.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Only Seven Exchanges Passed
<img class = "size-medium wp-image-273144 alignright” title=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/ict-300×147.jpg” alt=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection "width =" 300 "height =" 147 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/ict-300×147.jpg 300w, https : //news.bitcoin.com/wp-content/uploads/2019/01/ict.jpg 320w "sizes =" (max-width: 300px) 100vw, 300px”/>South Korea's Ministry of Science and ICT announced the results of its security inspection of cryptocurrency on Thursday, according to local media.
In collaboration with the Korea Internet and Security Agency (KISA), the ministry inspected a total of 38 exchanges between September and December last year. Twenty-one of them were inspected between January and March last year while 17 exchanges were inspected for the first time.
<img class = "size-medium wp-image-273142 alignright” title=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/kisa-300×119.jpg” alt=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection "width =" 300 "height =" 119 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/kisa-300×119.jpg 300w, https : //news.bitcoin.com/wp-content/uploads/2019/01/kisa-768×304.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2019/01/kisa-1024×405. jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/kisa-696×276.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2019/01/ kisa-1068×423.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2019/01/kisa-1061×420.jpg 1061w, https://news.bitcoin.com/wp-content/uploads/ 2019/01 / kisa.jpg 1230w "sizes =" (max-width: 300px) 100vw, 300px”/>21 Following the previous inspection, recommendations were given to the 21 85 items on the inspectors' checklist. The 85 items checked "includes system security such as administrative security, network separation and account management … and virtual currency wallet management," Money Today processed.
Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea. An official of the Ministry of Science and ICT was quoted by Newsprime as saying:
Most of them have weak security except for the seven facilities that satisfy all 85 inspection items.
Most Exchanges Need to Improve
<img class = "size-medium wp-image-273146 alignright” title=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/inspection-300×300.jpg” alt=”7 Korean Cryptocurrency Exchanges Pass Government Security Inspection "width =" 300 "height =" 300 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/inspection-300×300.jpg 300w, https : //news.bitcoin.com/wp-content/uploads/2019/01/inspection-150×150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2019/01/inspection-420×420. jpg 420w, https://news.bitcoin.com/wp-content/uploads/2019/01/inspection.jpg 500w "sizes =" (max-width: 300px) 100vw, 300px”/>Most of the cryptocurrency exchanges inspected did not meet the basic security standards. The 14 previously-inspected exchanges have not made the required improvements, the government officials told reporters.
These 14 items were found to be improving on the security items on average, so they "could be exposed to the risk of hacking attacks at all times," Zdnet Korea noted. News for the 17 new crypto exchanges, the news outlet
This item has been confirmed as being valid for the security level [of these exchanges] is generally weak two to the lack of 61 [security] items on average.
This article was written in Italian. It is now available on the Internet. security. "The ministry said it will continue to review and inspect crypto exchanges for security flaws, with a focus on protecting investors from hacking incidents.
What do you think of only seven crypto exchanges passing the Korean government security inspection? Let us know in the comments section below.
Images courtesy of Shutterstock and the Korean government.
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