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Security · Updated 7 Oct, 11:12 am IST

South Korea says AI appears to have been used in recent bank hacks

Image: ET Tech

Why it matters for readers: It matters because AI can be used not only for helpful tasks but also to automate cyberattacks, raising risks for personal data.

  • President Lee Jae Myung said signs have emerged that AI was used in some bank hacking incidents, causing public concern.23
  • South Korea's police have launched a full-scale investigation into cyberattacks that breached customers' personal information at commercial banks.23
  • Several banks, including Shinhan Bank and KB Kookmin Bank, reported cyberattacks, and reports named Hana Bank and Woori Bank as also affected.23
  • Regulators such as the Financial Services Commission convened emergency meetings and called for heightened vigilance across the financial sector.23

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How this story developed

  1. 6 Oct, 07:44 am · Mint Technology

    South Koreas Lee says AI appears to have been used in bank hacks

  2. 6 Oct, 08:05 am · ET Tech

    South Korea's Lee says AI appears to have been used in bank hacks

  3. 7 Oct, 11:12 am · The Hindu Technology

    AI appears to have been used in bank hacks: South Korean President Lee