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Banks race to ramp up AI defenses as deposits fall after cyberattacks

A wave of recent data breaches at major Korean banks is putting pressure on both customer confidence and the industry’s defenses, with deposits at these lenders declining by more than 20 trillion won ($15 billion) in just 11 days, according to industry officials, Sunday. They are now stepping up security spending and hiring specialists to keep pace with increasingly sophisticated artificial…

Banks race to ramp up AI defenses as deposits fall after cyberattacks

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