Odaily Planet Daily News - The Japanese Financial Services Agency announced that it will hold the 'Internal Audit Promotion Committee for Financial Institutions' on January 25, 2025, aimed at improving the overall internal audit level of financial institutions, including those involved with crypto assets (virtual assets). It is reported that the theft of 4,502.9 BTC from DMM Bitcoin previously prompted a fundamental review of the security system in the crypto asset industry. In response to this situation, the Financial Services Agency strongly recommends that crypto asset-related businesses implement multi-factor authentication and enhance monitoring of suspicious access. It also requires companies to conduct self-inspections to confirm whether their wallet management systems and leak risk response measures are appropriate. Furthermore, in order to gain the trust of domestic and international stakeholders, the government has developed a policy that takes into account international trends. Many financial institutions, including those in the crypto asset industry, are expected to participate in this roundtable meeting. In addition to related organizations such as the Japan Virtual Currency Exchange Association (JVCEA), the Japanese Bankers Association, the National Association of Regional Banks, consulting firms, and external experts will also participate in discussions to consider specific measures to increase the complexity of internal audits. Previously, on December 24, the Japanese National Police Agency reported that the theft of 48.2 billion yen worth of Bitcoin from the crypto asset exchange DMM Bitcoin was carried out by a North Korean cyber attack organization known as TraderTraitor. South Korea announced that the criminal facts have been confirmed. TraderTraitor is believed to be affiliated with the North Korean hacker group Lazarus Group, and the attack was conducted in multiple stages.

#BTC