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South Korea’s Lee says AI appears to have been used in bank hacks

Police are investigating breaches affecting several major lenders; details of alleged artificial intelligence tools used remain undisclosed

South Korean President Lee Jae-myung addressed a Cabinet meeting on Tuesday, suggesting that artificial intelligence models may have been utilized in recent hacking incidents targeting banks. The president expressed concern over the potential implications of AI in cyberattacks, urging the nation to develop appropriate cybersecurity measures for the AI era.

The South Korean police have initiated a comprehensive investigation into the cyberattacks against commercial banks, which resulted in the exposure of customers' personal information. Major banks such as Shinhan Bank, KB Kookmin Bank, Hana Bank, and Woori Bank reported breaches, though the exact details of the AI tools employed and the extent of the damage remain undisclosed.

Financial regulators and industry experts have been convened to address the situation, emphasizing the need for heightened vigilance in the financial sector.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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