Kookmin Bank

No.

The Korea Times counted seven firms, Shinhan, KB Kookmin, Hana, Busan Bank, Jaegaram Savings Bank, Welcome Savings Bank, and Hyundai Capital, with more than sixty-seven thousand people believed to have been affected.

At KB Kookmin, according to UPI, personal and credit information belonging to one hundred and nineteen customers was exposed through an intrusion into an employee mobile work support system.

Bank breaches happen every month.

Why is everyone in security and data arguing about this one?

Convenient for you to say security budget's a security's problem.

One number cuts against that.

The Korea Times reported that Shinhan, KB Kookmin, and Hana together spent nearly one hundred twenty-four billion won, ninety-two million dollars, on information security last year.

Police have launched a full-scale investigation into the attacks, and financial regulators say they have identified twenty-eight unique IP addresses linked to the hacking attempts.

The banks that reported cyberattacks last week include Shinhan Bank and KB Kookmin Bank.

[upbeat music] Those were your news headlines from The Straits Times.

Read more at straitstimes.com. [upbeat music]

Police have launched a full-scale investigation into the attacks, and financial regulators say they have identified twenty-eight unique IP addresses linked to the hacking attempts.

The banks that reported cyber attacks last week include Shinhan Bank and KB Kookmin Bank.

[upbeat music] Those were your news headlines from The Straits Times.

Read more at straitstimes.com. [upbeat music]

South Korean authorities are investigating customer data exposure across several major financial institutions.

Officials confirmed a breach at Shinhan Bank and other incidents involving Kookmin Bank.

Hana Bank also reported a limited compromise of a sales support system.

Local reports put the affected totals at 25,000 Shinhan customers and 119,000 Kookmin credit card clients.

Uh, In-kyung, what can you tell us?

Seven financial institutions including Shinhan Bank, KB Kookmin Bank, Hana Bank, and Busan Bank have recently been targeted by hackers in attacks that compromised sensitive information such as customers' names, phone numbers, and annual income.

The police said Tuesday that they are thoroughly investigating the case and suspect the violations of the Information and Communications Network Law.

Given the gravity of the situation, the Korean National Police Agency's Cyberterror Investigation Unit is leading the investigation and has formed a specialized team of 28 members.

That is the kind of thing that keeps security teams up at night.

And across the world in South Korea, President Lee Jae-myung said Tuesday that AI models are believed to have been used in recent hacking incidents against commercial banks, and ordered a full-scale police investigation into attacks against Shinhan, KB Kookmin, Hana, and Woori banks.

The quote that stood out to me was from the Financial Services Commission chairman, who called for an AI attacks defended by AI approach.

So we are officially in the era where presidents address AI-powered bank hacks in cabinet meetings.