How to protect your accounts from AI-powered attacks
A wave of account takeover attacks involving artificial intelligence (AI) against major banks is testing their defenses and putting personal cybersecurity in the spotlight. Shinhan Bank disclosed Thursday that the information of about 25,000 people had been leaked. A day later, KB Kookmin Bank and Hana Bank confirmed breaches affecting 119 and 89 people, respectively. Woori Bank and NH NongHyup…
The Korea Times reports a surge in account takeover attacks utilizing AI technology on major banks, exposing the vulnerabilities in personal cybersecurity. Shinhan Bank, KB Kookmin Bank, Hana Bank, Woori Bank, and NH NongHyup Bank have all reported breaches, with Shinhan Bank alone leaking the information of approximately 25,000 individuals.
While consumers have limited control over these breaches, they can significantly mitigate the risk of compromised accounts by adopting two key security measures. Firstly, using a unique password for each online service can prevent a breach on one platform from compromising others. Secondly, enabling multifactor authentication adds an extra layer of security, making it more difficult for attackers to gain unauthorized access.
The most significant danger following a data leak is credential stuffing, where automated software attempts to use stolen usernames and passwords across multiple services, including banks.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- How to protect your accounts from AI-powered attacks koreatimes.co.kr
