South Korea’s President Lee Jae Myung orders thorough probe into data breaches at local banks
South Korea's president ordered a probe after breaches at Shinhan, KB Kookmin, Hana, and Busan banks.
President Lee Jae Myung ordered a thorough investigation into recent data breaches at South Korean financial and public institutions, citing growing AI-powered cyberattacks. Shinhan Bank reported a breach affecting about 25,000 customers on Thursday. KB Kookmin Bank, Hana Bank, and BNK Busan Bank reported similar incidents the following day. Spokesperson Kang Yu-jung said officials must investigate and develop countermeasures.
- President Lee ordered a full investigation of recent bank breaches
- Shinhan Bank's breach affected about 25,000 customers
- KB Kookmin, Hana, and BNK Busan reported similar incidents
- Officials cited rising AI-powered attacks on financial firms
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Lee Hyo-jin reports:
President Lee Jae Myung on Sunday ordered a thorough investigation into a string of recent data breaches at financial institutions, as artificial intelligence (AI)-powered cyberattacks increasingly target them.
According to Cheong Wa Dae, Lee was briefed on recent data breaches at financial and public institutions and their responses to the incidents.
“The president ordered officials to conduct a thorough investigation and make every effort to devise measures, with a grave awareness of the seriousness of the matter,” presidential spokesperson Kang Yu-jung said.
The remarks came after a series of data breaches at major financial firms over the past several days.
Shinhan Bank on Thursday reported a breach affecting about 25,000 customers, followed by similar incidents reported at KB Kookmin Bank, Hana Bank and BNK Busan Bank on Friday.
Read more at The Korea Times.
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