Seoul skyline at night
President Lee Jae Myung said signs of artificial-intelligence use had appeared in hacks on commercial banks. Police are investigating and the financial watchdog has shared 28 suspect IP addresses.
  • Technology
  • Breaking

South Korea's president says AI signs found in bank hacking cases

7 /10 4 min read
Seoul, South Korea

President Lee Jae Myung said signs of artificial-intelligence use had appeared in hacks on commercial banks. Police are investigating and the financial watchdog has shared 28 suspect IP addresses.


South Korean President Lee Jae Myung said on Tuesday that artificial-intelligence models appear to have been used in recent hacking incidents against banks and told officials to limit the damage.

Speaking at a cabinet meeting, Lee said signs of AI use had emerged in some incidents and had caused public concern. He asked agencies to establish the circumstances quickly and to concentrate staff on containing harm, Reuters reported.

Police have opened a full investigation into attacks on commercial banks that exposed customer information, Yonhap reported, as cited by Reuters. The Financial Services Commission said on Friday that Shinhan Bank, KB Kookmin Bank and others had reported cyberattacks. Yonhap said Hana Bank and Woori Bank were also affected.

The Financial Supervisory Service said on Tuesday it had shared 28 unique suspect IP addresses and some country information with the financial sector. The Wall Street Journal reported that officials linked the intrusion to a Chinese tool called Artex and said data on 68,000 people were stolen. Authorities have not named a culprit.

Lee called for cybersecurity methods suited to the AI era. Banks had not published a complete customer-notification timetable by Tuesday.


People Sentiments Negative

  • President Lee said signs of AI use in the hacks had caused considerable public concern.
  • He told officials that speed was essential and that measures should be implemented immediately.

Keywords & tags

  • Lee Jae Myung
  • bank hacking
  • AI
  • Financial Supervisory Service
  • South Korea
  • technology
  • cyber
  • banking
  • south-korea

Source

Reuters and the Wall Street Journal both reported the bank breaches and the presidential order on Tuesday.