Skip to main content
727 Finance
English

South Korea's financial industry has been hit by cyber attacks one after another, and regulators have requested a comprehensive investigation

PANews reported on October 4 that after a series of cyber attacks led to personal data leaks in South Korea’s financial industry, South Korea’s financial regulator urged financial institutions to complete internal security inspections as soon as possible and report the inspection results to the regulatory authorities. Lee Eog-weon, chairman of South Korea's Financial Commission (FSC), issued a statement on Sunday after holding an emergency meeting with executives from financial institutions and industry associations: "The entire financial industry should conduct security checks quickly and thoroughly." Lee Eog-weon said a preliminary investigation showed that some attacks targeted external websites with low monitoring intensity, as well as servers used by loan agents and employees. He also said that regulatory authorities cannot rule out the possibility of using artificial intelligence in attacks, and called for speeding up the construction of security systems that can "defend AI attacks with AI." South Korean President Lee Jae-myung has been briefed on the data breach and response measures.

Related news

  1. Madagascar Ministry of Justice: 148 Chinese nationals involved in cryptocurrency fraud cases have been extradited.

  2. Talis Protocol market contract attacked, approximately 5,700 escrowed NFTs stolen.

    PANews November 2 news: Talis Protocol posted a disclosure that on October 31, an attacker exploited a vulnerability in its marketplace and auction contracts on...

  3. What Is EIP-7702? The Ethereum Upgrade Behind the Binance Hack Incident

    EIP-7702 allows regular Ethereum wallets to run smart contract code, thereby enabling batch transactions and sponsored transactions (paying Gas fees on behalf o...

  4. Analysis: Binance hacker laundered approximately $242 million through Tron within two days.

  5. He Yi denies rumor that "Binance engineer's relationship with North Korean spy led to theft"