Science & Tech · Cybersecurity · 3 hrs ago
South Korea’s financial watchdog warns of hacking at major investment firms
South Korea’s financial watchdog chief said major investment firms had suffered hacking the previous day.
The warning came as cyberattacks had recently affected banks, savings banks, mutual finance groups and specialist lenders.
Investment firms and insurers had not previously reported breaches, but a personal data leak at Mirae Asset Life was reported on the 26th, followed by the investment-sector incident.
Lee Chan-jin said AI could make vulnerabilities easier to find and attacks more frequent.
He stressed that IT security protects customers’ money and information and supports trust in finance.
He urged financial firms to manage their technology assets and build stronger defences, and called on company boards to lead security improvements.
South Korea’s financial watchdog chief warned that major financial investment firms had suffered a hacking incident.
Financial Supervisory Service Governor Lee Chan-jin said the incident had occurred the previous day.
He urged financial companies to strengthen IT security, manage IT assets and build their own defence systems.
Lee said artificial intelligence could make vulnerabilities easier to find and attacks more frequent.
The warning followed a personal information leak at Mirae Asset Life and a series of hacking incidents across other financial sectors.
- Who
- Financial Supervisory Service Governor Lee Chan-jin warned financial companies.
- What
- He said a hacking incident had occurred at major financial investment firms and called for stronger IT security.
- When
- Lee spoke on the 28th; he said the incident took place the previous day.
- Where
- At a breakfast meeting at the Financial Supervisory Service’s headquarters in Seoul’s Yeouido district.
- Why
- Recent hacking incidents had raised concern, and Lee warned that AI could make vulnerabilities easier to detect and attacks more frequent.
This story does not have two clearly opposing sides.
A personal information leak occurred at Mirae Asset Life.
A hacking incident was reported in the financial investment sector.
Lee Chan-jin spoke at a meeting with bank holding company board chairs and urged financial companies to strengthen IT security.
- Warning
- Financial Supervisory Service Governor Lee Chan-jin
- Affected sector
- Major financial investment firms
- Earlier incident
- Personal information leak at Mirae Asset Life on October 26
- Meeting location
- Financial Supervisory Service headquarters, Yeouido, Seoul
- Security measures urged
- IT asset management and self-defence systems
What people are saying
I understand that a widespread hacking incident occurred at major financial investment firms the previous day.
As artificial intelligence is used as a means of hacking, security vulnerabilities will be detected easily and simultaneous attacks will become routine.
IT security is a core task for protecting customers’ assets and information and maintaining trust in finance.