North Korea’s record $6.36 billion theft from Binance has exposed a growing weakness in South Korea’s cybersecurity strategy, as regulators tighten corporate accountability faster than the financial sector is developing the shared defenses needed to confront increasingly automated attacks.

The Financial Services Commission (FSC) convened an emergency meeting Monday to review domestic cryptocurrency exchanges’ security arrangements following the theft, which U.S. authorities attributed to North Korea’s TraderTraitor hacking group.

The meeting followed a wave of attacks against South Korean financial institutions, including Shinhan Bank and KB Kookmin Bank. On Oct. 14, the FSC had identifiedbreaches at 16 financial