South Korean President Orders Probe Into Data Leaks Across Financial Industry
Regulators expanded on-site probes after breaches exposed customer names, phone numbers and loan data at several lenders, officials said.
- 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.
21 Articles
21 Articles
Channel News Asia
South Korean president orders probe into data leaks across financial industry
SEOUL: 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 (Oct 4).Financial Services Commission (FSC) Chairman Lee Eog-weon convened an
South Korean President Lee Ji Myung called on Sunday to conduct a thorough investigation into a series of cyberattacks that led to the leaking of personal information to the clients of a number of banks.
Korea Orders Security Checks After Finance-Sector Data Breaches
South Korean regulators urged financial institutions to promptly complete internal security inspections and report the results to authorities after a series of cyberattacks led to personal data breaches across the industry.
President Lee Jae-myung ordered a thorough investigation into the incidents in which multiple financial institutions leaked customer personal information. Kang Yoo-jung, Senior Spokesperson for the Blue House, stated on this day, “President Lee Jae-myung received a report on the recent personal information leaks at financial and public institutions and the status of the response. With a grave understanding of the matter, he instructed that every…
On the 4th, President Lee Jae-myung ordered a thorough investigation and the establishment of countermeasures regarding the successive personal information leaks at major banks. After receiving a report on the recent personal information leaks at financial and public institutions and the status of the response, President Lee stated, “With a grave awareness of the matter, we must spare no effort in conducting a thorough investigation and preparin…
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