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

Great ... I do so much

[ta ma de]

Banking in South Korea; In other news, Maritians have placed new surcharges on all atm's to cover increased transaction costs with South Korean Banks.

(with emotion) IT IS CRACKING NOT HACKING!!

[sulli]

I said it so you don't have to.