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South Korean President Orders Urgent Probe into Financial Industry Data Leaks
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CNBC TV18•04-10-2026, 14:30
South Korean President Orders Urgent Probe into Financial Industry Data Leaks
- •South Korean President Lee Jae Myung ordered a thorough investigation into recent personal data leak incidents affecting banks, finance companies, and public agencies.
- •Financial Services Commission (FSC) Chairman Lee Eog-weon convened an emergency meeting, warning the sector to respond with the highest vigilance and suggesting an "AI attacks defended by AI" approach.
- •The probe follows cyberattacks reported by Shinhan Bank, KB Kookmin Bank, Hana Bank, and Woori Bank, with regulators launching on-site investigations.
- •Authorities believe the attacks broadly scanned multiple financial companies for vulnerabilities, with traffic originating from IP addresses in the US, Japan, Singapore, Vietnam, and Britain.
- •The main opposition People Power Party suggested investigating potential North Korean involvement, citing past cyberattacks attributed to Pyongyang.
Key Questions Answered
President Lee Jae Myung ordered a thorough investigation following recent personal data leak incidents and cyberattacks affecting major banks, finance companies, and public agencies in South Korea.
Financial authorities and news reports indicated that banks including Shinhan Bank, KB Kookmin Bank, Hana Bank, and Woori Bank reported suffering cyberattacks and data breaches.
The Financial Services Commission (FSC) launched on-site investigations, directed institutions to conduct security inspections and tighten access controls, and called for an AI-defended approach while sharing threat information across the industry.
