Korean Banks Forced to Compensate Hacking Victims

An anonymous reader writes "A brief story over on Finextra reveals that the Korean government is introducing new legislation that will force banks to compensate customers who have been victimized by identity theft even if the banks are not directly responsible. This action obviously will not stem identity theft but the hope is that this will push banks into security improvements that will make identity theft much harder."

Comments

That's all well and good...

[OakDragon]

...now if the Nigerian government would just do something to get my money back from that doctor fellow!