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Only a third of the inspected cryptocurrency trade obtained a complete passage in a recent government security check.
The Ministry of Science and ICT, Korea's Internet Security Agency and the Ministry of Economics and Finance have inspected a total of 21 cryptographic exchanges from September to December 2018, examining 85 different aspects related to to security.
In particular, only 7 of these – Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco and Huobi Korea – have passed all tests, CoinDesk Korea reported Thursday.
The remaining 14 exchanges are "vulnerable to hacking attacks at all times due to poor security," said the Ministry of Economics and Finance, although it did not name the platforms. The agencies have silenced the failures of security for "an insufficient creation and management of security systems such as basic security of the PC and the network".
The exchanges were examined in a review that saw different aspects of administrative, network, system and operational security, as well as database backup and wallet management.
South Korea has lost many millions of dollars in cryptocurrencies through hacks in exchanges like Coinrail (over $ 40 million) e Bithumb (over $ 30 million).
In February, officials of the country He said who believed that North Korean hackers were behind the attacks. In fact, North Korea's infamous hacking group, Lazarus, has been reported to be behind the stolen $ 571 million in cryptocurrencies since January 2017, according to a report by the Group-IB cybersecurity provider.
In the wake of security breaches, the South Korean Financial Services Commission, in July last year named on politicians to urgently approve a bill that regulates the exchange of national cryptocurrencies in order to counteract the lack of security in the sector.
Testing to fail the image through Shutterstock
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