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AI-Powered Cyberattacks Hit Seven South Korean Financial Firms

Seven major financial institutions in South Korea, including commercial banks and savings banks, have been hit by simultaneous cyberattacks using the same internet protocol (IP) address and similar methods. As evidence emerged that artificial intelligence (AI) technology may have been used in the at

Seven major South Korean financial institutions, including commercial banks and savings banks, have been hit by simultaneous cyberattacks using the same internet protocol (IP) address and similar methods. The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have launched emergency inspections and called for the highest level of vigilance across the financial sector.

The attacks, which may have involved artificial intelligence technology, primarily targeted supplementary services with weaker security controls, such as loan solicitors' web pages and external servers. While the same IP address was used in attacks targeting the banks, a different IP address was identified in the savings bank sector, suggesting a possible shared actor.

Financial authorities have urged institutions to block external access points and ensure that unnecessary personal information is not stored on systems used by external personnel.

Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businesskorea.co.kr →

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