Cyber attacks in Korea are to lead to the financial recession?

According to the local sources, in Western countries banking system and sub-prime mortgages first financial tsunami appeared to be dampened, caused by a capricious investment.  

DDoS (distributed denial-of-service) attacks in the United States and Korea urged market observers and even bureaucrats to raise their worry, that a second tsunami may flood financial outfits at any time soon, generated not by the actual-world events but by the virtual-world assaults.  

Government and banking Web sites scores were injured over the last week by unidentified cyber terrorists, who exploited tens of thousands of zombie computers.  

Korean financial policymakers who were not wary of cyber attacks were taken aback by the unprecedented cyber attacks. The Ministry of Strategy and Finance (MOSF) has drawn up various measures such as setting up a security center by this December, being shocked by the latest DDoS attacks. He also intends to create a smart system that can identify DDoS attacks as well as recruiting online security experts in the near future.  

However, some experts concern, such steps are too late and too weak.  

Regulatory slakcitude is reflected in the following, the financial regulator had local banks subscribe to 2 billion won worth of insurance in preparation for any damages related to hacking or other cyber extortions. The minimum requirements are much less for other financial outfits ? 1 billion won for card issuers, 500 million won for brokerages and a mere 100 million won for insurers.  

Thus, since 1998, when e-banking was launched, the total amount of Web-enabled transactions has snowballed to break through the 1 quadrillion won mark last year.  

And its obvious, that similar troubles or more sophisticated cyber attacks can take place any time.