Korea Financial Security Institute (FSI)

Stories

South Korea activates round-the-clock cyber emergency after AI tool breaches multiple banks

Had briefed bank security staff on AI-driven attacks weeks before the October breaches

South Korea's cyber alert remains at Watch, the second-highest of five levels, after regulators confirmed on October 14 that breaches at 16 financial firms exposed about 100,000 personal records. That is up from seven firms and about 68,000 people reported earlier in the month. Depositors pulled more than 20 trillion won from the five biggest banks between September 30 and October 11.

Updated Oct 21