AI hacking fears spread to brokerages, insurers, card issuers
Brokerages, insurers and credit card issuers are stepping up security measures and checking for potential breaches after suspected artificial intelligence (AI)-assisted cyberattacks stole personal data from banks, savings banks and a capital finance company, according to industry officials, Tuesday. Breaches have been reported at seven firms since the beginning of this month — Shinhan Bank, KB…
AI hacking fears have escalated, spreading to brokerages, insurers, and card issuers as personal data breaches have been reported at seven firms since the beginning of the month. This includes Shinhan Bank, KB Kookmin Bank, Hana Bank, BNK Busan Bank, Yegaram Savings Bank, Welcome Savings Bank, and Hyundai Capital. Industry officials and regulators suspect that the attackers, who first targeted the banking sector, are scanning a broad range of companies for weaknesses rather than focusing on a single target.
The attacks coincided with the extended holiday period in October, and smaller firms with limited security staffing may be particularly vulnerable. At some brokerages, security staff responsible for safeguarding sensitive information work under significant pressure during this time.
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