Korean Specialists to Test Crypto Exchanges’ Taking care of of Individual Data

Korean Specialists to Test Crypto Exchanges’ Taking care of of Individual Data
фото показано с : bitcoints.com

2018-7-2 20:12

Two Korean watchdogs have announced a joint probe into crypto exchange operators’ handling of personal data, local news outlet Chosun reports Monday, July 2.
The probe will reportedly check the status of technical and administrative protection measures related to users’ personal data – covering data access control measures, anti-tampering measures, personal data encryption, and malware protection.
After reviewing the collection, use, provision and destruction of personal data by both crypto exchange operators and third parties, the authorities have said they will enforce administrative penalties should they discover violations of the country’s data protection laws.
Chosun reports further that the KCC will probe eight crypto money handling firms who have received corrective orders after violating Korea’s Personal Information Protection Act in 2017.
Chosun cites a local source who says that recent hacks of domestic crypto exchanges have been a strong impetus for the new probe.

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