Asian Currencies Consolidate Amid Mixed Signals
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
South Korea orders SK Telecom to strengthen data security after leak
SEOUL (Reuters) -South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country's biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user data. The measures come after SK Telecom in April disclosed that it had suffered a major leak of customer data caused by a malware attack. The Ministry of Science and ICT said on Friday that it will impose a fine of up to 30 million won ($21,970), and SK Telecom must enforce security measures at least once a quarter, have its chief executive officer directly oversee data governance, and increase personnel and investment in data security. "This... was a wake-up call for information protection not only in the domestic telecommunications industry but also in the overall network infrastructure," Science Minister Yoo Sang-im said in a statement issued after an investigation by the ministry. SK Group Chairman Chey Tae-won apologised last month for the data leak and SK Telecom said it would take full responsibility for any harm caused as a result of the breach, which has caused alarm among its 23 million users over the possible theft of personal and financial information. The mobile carrier said it would start offering free universal subscriber identity module (USIM) replacements to all 23 million users for free at more than 2,600 retail stores nationwide following the cybersecurity breach. About 9.39 million users have replaced their USIMs as of late June, according to SK Telecom.
Bloomberg
17 minutes ago
- Bloomberg
Japan Sees Biggest Jump on Record in Individual Shareholdings
The number of individual shareholdings in Japan surged 12% to a fresh record of 83.6 million last fiscal year as the country's tax-free NISA savings program expanded and people were able to invest smaller amounts of money. That's an increase of 9.14 million from the previous year, according to an annual share ownership survey by Japan Exchange Group Inc., or JPX, which runs the country's major bourses. It's also the biggest jump in the number of individual holdings since it started compiling the data in 1949.
Bloomberg
17 minutes ago
- Bloomberg
Taiwan Mulls Tougher FX Rules for Foreigners Buying Stocks
Taiwan's central bank is seeking feedback on a plan to tighten currency purchases by foreign stock investors, according to people familiar with the matter, a move that may limit speculative bets after a surge in the local dollar this year. The central bank is mulling a policy that requires international investors wanting to buy the island's stocks to show proof of orders before they can purchase the Taiwan dollar, said the people, who asked not to be identified as they aren't authorized to speak publicly. The currency conversion would then take place the following day, the people said.
