Business
South Korea widens bank probe after September 30
Livemint··4 Oct
President Lee Jae Myung ordered an investigation into personal data leaks at banks, finance firms and public agencies. The Financial Services Commission held an emergency meeting on Sunday with industry groups. The FSC said Shinhan Bank reported a breach on September 30 before probes widened. Yonhap said Hana Bank and Woori Bank were also hit across the sector.
Prism
What It Means For You
- The FSC told institutions to tighten access controls and strengthen consumer protection steps.
- Threat details including IP addresses are to be shared across the industry, the regulator said.
- Sunday's meeting was brought forward from October 7 after more second-tier breaches were reported.
What's Happening
- FSC Chairman Lee Eog-weon convened lenders and associations after the latest breach reports.
- He said authorities could not rule out artificial intelligence use in the attacks.
- Yonhap said regulators think the attackers scanned many firms rather than one target.
Which lenders reported breaches
- Friday talks already covered reports involving Shinhan Bank and KB Kookmin Bank, the FSC said.
- Yonhap later named Hana Bank and Woori Bank among institutions that suffered breaches.
- The main opposition People Power Party asked whether North Korea could be involved.
all-news
