South Korea finds hacking incidents at total of 16 financial firms

SEOUL, Oct 14 - The South Korean financial regulator disclosed on Wednesday that the country has identified hacking incidents at a total of 16 financial firms, along with approximately 100,000 instances of data leaks. The Financial Services Commission (FSC) is currently conducting an in-depth investigation to understand the hacking methods employed, with a particular focus on determining if artificial intelligence (AI) played a role.

In response to these findings, the FSC has announced plans to carry out security inspections at the implicated financial institutions. Additionally, the regulator is developing strategies for early detection of hacking threats and establishing protocols for a coordinated response. The FSC urges the public to stay informed through regular notifications, offering the option to subscribe for breaking news and the most relevant stories via various communication channels, including mobile apps.