South Korean president orders probe into data leaks across financial industry
Regulators launched on-site probes after Shinhan Bank reported a breach affecting about 25,000 customers and other lenders disclosed leaks.
- On Sunday, South Korean President Lee Jae Myung ordered a thorough investigation into recent data breaches at financial firms, following a series of cyberattacks that impacted major banks and public agencies.
- Thursday's Shinhan Bank reported a breach affecting about 25,000 customers, followed by incidents at KB Kookmin Bank, Hana Bank and BNK Busan Bank on Friday, exposing names, phone numbers, annual income and loan limits.
- Financial Services Commission Chairman Lee Eog-weon warned of potential artificial intelligence involvement in the cyberattacks, calling for an "AI attacks defended by AI" approach to strengthen financial sector security.
- The FSC convened an emergency meeting Sunday with industry associations, directing financial institutions to conduct comprehensive security inspections and rapidly share threat information to prevent further incidents.
- South Korea's main opposition People Power Party suggested authorities investigate possible North Korean involvement, citing past cyberattacks against financial institutions previously attributed to Pyongyang.
40 Articles
40 Articles
South Korea orders probe into AI-linked hacking attacks on major banks
SEOUL — South Korean President Lee Jae Myung on Sunday ordered a thorough investigation into a series of hacking attacks targeting major banks and other financial institutions that resulted in customer data leaks.The recent attacks have targeted financial institutions including Hana Bank, KB Kookmin Bank and Shinhan Bank, compromising customer information, according to Yonhap News Agency.Shinhan Bank said Thursday that personal information belon…
South Korean president orders probe into data leaks across financial industry
South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul's presidential office said on Sunday.
<p>South Korea investigates data leaks after cyber attacks on banks The president of South Korea has ordered an investigation into data leaks at banks and state institutions. Regulator strengthens cybersecurity through possible AI attacks.</p>
Hackers used advanced AI tools in Shinhan Bank attack that compromised personal information of about 25,000 customers, says Yonhap
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