South Korea: According to the government Audit every 3. Bitcoin-exchange-safe

the cyber security in the age of digitalisation of the most important topics. This applies to individuals as well as companies that store sensitive data of your customers. Bitcoin exchanges here, especially in the responsibility. Numerous stock exchanges-Hacks made in the past few years, for damages in the high three-digit million US Dollar range.

By Christopher clover
11. January 2019TeilenFacebookTwitterLinkedInxingemail

Against this Background, the South Korean Ministry of Information and communication, together with the "Korea Internet Development Agency (KISA)" 21 crypto stock exchanges under the microscope. In order to pass the security Audit, would have to meet in the Bitcoin exchanges, a check list with 85 points. These include, for example, issues the operational and administrative security, network, and database access control and the behavior of the stock exchange in case of incidents.

Of the 21 illuminated by the stock exchanges satisfy only seven of the claims of the regulators. The South Korean edition of ZDNet reported on June 10. January. Seven of the 21 Bitcoin exchanges did not meet all of the 85 safety-relevant criteria. Among the better-known patterns of students, the Exchange, CoinOne.

a number of shortcomings in two out of three Bitcoin exchanges

Strong pent-up demand, however, the 14 "by fallen" candidate. This showed, on average, in 51 of the studied criteria a significant deficiency. These defects also affect the basic technical infrastructure of the stock exchanges – PC and network security, and network separation and access control are just a few of the weaknesses that were criticized by the auditors.

"most of them [...] are still at a low level of security",

Oh, shows Young-soo, Director of information security at the Ministry of Information and communication, concerned.

South Korean crypto-exchanges were already a large number of partly devastating hacker attacks. Especially North Korean hackers had proved last year, a liking for Bitcoin exchanges in the southern part of the Korean Peninsula. So, for example, the North Korean "Lazarus Group was able to capture" since the beginning of 2017, nearly half a billion euros, mainly by Hacks of Bitcoin exchanges in South Korea and Japan.

That a majority of the Audi is oriented exchanges in terms of safety, apparently, still a lot to be desired, pouring water on the mills of centralisation critics and blows at the same time the Wind in the sails of those who take a course in the direction of decentralized crypto-exchanges.