Shinhan, KB Kookmin data breaches raise concerns over AI-powered cyberattacks
A series of data breaches at Shinhan Bank and KB Kookmin Bank, two of Korea’s largest commercial banks, has heightened concerns in the financial sector over increasingly sophisticated cyberattacks using artificial intelligence (AI). On Friday, KB Kookmin Bank said that personal information belonging to 119 customers was leaked after abnormal external access to a mobile system used by employees.…
A series of data breaches at Korea's two largest commercial banks, Shinhan Bank and KB Kookmin Bank, has raised alarms about the growing threat of AI-powered cyberattacks in the financial sector. On Friday, KB Kookmin Bank disclosed that personal data of 119 customers had been leaked due to unauthorized external access to a mobile system utilized by employees.
The compromised data included various customer details such as names, phone numbers, addresses, and resident registration numbers, which were stored in an encrypted format. However, the bank clarified that the affected system does not manage customer transactions, including online and mobile banking services. The bank assured that it would provide full compensation for any losses incurred as a result of the breach and has initiated an emergency response system to investigate the incident and prevent future occurrences.
Just the day prior, Shinhan Bank had reported a separate data breach affecting around 25,000 customers, indicating a troubling trend of increasingly sophisticated cyberattacks targeting these major financial institutions.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
