PM calls for sweeping overhaul of information security systems following wave of cyberattacks

Prime Minister Han Seong-sook has called for a comprehensive reform of South Korea's information security framework, expressing concern that recent cyberattacks on major banks indicate that existing safeguards are inadequate. Numerous financial organizations experienced consecutive breaches of client data during these assaults, including Hana Bank, KB Kookmin Bank, and Shinhan Bank.

President Lee Jae Myung emphasized the seriousness of the matter and requested a comprehensive investigation. During a meeting on Tuesday, the prime minister convened with relevant ministers to deliberate on the issue. The situation is particularly alarming as the breach is suspected to have exploited artificial intelligence, which could result in secondary harm if AI is utilized in phishing attacks.

Furthermore, Han stressed that the same hacking techniques could proliferate beyond the financial industry, potentially impacting other sectors, as well as governmental and public entities. She highlighted the growing number of information security incidents as evidence that current awareness, systems, and government protocols are insufficient.