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South Korea Warns of AI-Powered Cyberattacks on Major Banks
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Firstpost•06-10-2026, 13:50
South Korea Warns of AI-Powered Cyberattacks on Major Banks
- •South Korean President Lee Jae Myung stated that AI models appear to have been used in recent cyberattacks targeting the country's banks.
- •Major commercial banks including Shinhan Bank, KB Kookmin Bank, Hana Bank, and Woori Bank have reported data breaches impacting customer personal information.
- •South Korean police have initiated a full-scale investigation into the hacking incidents, while financial authorities urge maximum vigilance across the sector.
- •Financial regulators and the Financial Security Institute have shared critical data, including 28 unique IP addresses, with financial institutions.
- •Global concerns are rising over AI-driven cyber threats following recent attempted and successful breaches involving government and institutional portals internationally.
Key Questions Answered
Shinhan Bank and KB Kookmin Bank reported cyberattacks to the Financial Services Commission, while Yonhap news agency reported that Hana Bank and Woori Bank also suffered breaches.
FSC Chairman Lee Eog-weon convened an emergency meeting with financial industry associations and regulators, while the Financial Supervisory Service shared data about 28 unique IP addresses and country information with the financial sector.
President Lee Jae Myung stated that AI models are believed to have been used in some recent bank hacking incidents, causing public concern, and called for the country to develop cybersecurity methods suited to the AI era while swiftly establishing the circumstances.
