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KB Kookmin Bank suffers info leak raising concerns over data breach at other lenders

SEOUL, Oct. 2 (Yonhap) -- Customer information of KB Kookmin Bank, a major comme...

KB Kookmin Bank suffers info leak raising concerns over data breach at other lenders

South Korea's KB Kookmin Bank has fallen victim to a data breach, a situation that echoes a recent incident at rival Shinhan Bank, prompting concerns about a possible wave of data leaks across the banking sector. According to industry insiders, the personal details of more than a hundred KB Kookmin Bank customers were stolen through hacking.

On Thursday, Shinhan Bank disclosed that the credentials of approximately 25,000 customers, including their annual income, names, and phone numbers, were leaked. The hackers suspected to be operating from overseas are believed to have exploited sophisticated artificial intelligence (AI) tools to extract the information. Insiders suggest that Shinhan Bank's breach was likely due to random AI-powered attacks targeting vulnerable online platforms, highlighting the urgent need for other financial institutions to stay vigilant and block abnormal access attempts.

There is a growing apprehension that the entire financial industry is vulnerable to AI agent-assisted attacks, thereby necessitating financial institutions to conduct immediate security inspections to identify and address potential vulnerabilities.

Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at en.yna.co.kr →

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