Science & Tech · Cybersecurity · 2 hrs ago
South Korea Reports 40 Financial-Sector Hacking Incidents in Just Over a Month
South Korea recorded 40 hacking incidents targeting financial firms in just over a month.
The attacks exposed 473,000 records, including customer personal data.
They also led to 1 billion won being stolen.
The incidents show that hacking is affecting financial companies across the sector.
The government plans to inspect the security of about 580 financial companies.
It also says CEOs may be held responsible when poor security leads to an incident.
South Korea’s financial authorities counted 40 reported hacking incidents at 37 financial companies between Sept. 30 and Nov. 3.
The incidents exposed about 473,000 records and led to the theft of funds worth about 1 billion won, according to the authorities.
The exposed information included employee details and customer names, resident registration numbers and account numbers.
Authorities said they had not confirmed the exposure of account passwords or other information that could enable unauthorized payments.
The government plans to inspect the security of about 580 financial-sector companies and hold executives accountable for serious security failures.
- Who
- South Korea’s financial authorities reported the incidents across 37 financial companies.
- What
- Authorities counted 40 hacking reports, about 473,000 exposed records and theft of funds worth about 1 billion won.
- When
- From the first confirmed incident on Sept. 30 through Nov. 3; the figures were reported on Nov. 5.
- Where
- Across South Korea’s financial sector, including banks, insurers, securities firms and digital finance companies.
- Why
- Not stated
This story does not have two clearly opposing sides.
Authorities confirmed the first hacking incident.
Financial companies completed a checklist inspection, after which reports continued mainly from smaller firms and digital finance sectors.
Authorities’ count of reported incidents reached 40 across 37 companies.
Authorities announced plans to inspect the security of about 580 companies and strengthen oversight.
- Reported incidents
- 40 across 37 companies
- Exposed records
- About 473,000
- Funds stolen
- About 1 billion won
- Inspection scope
- About 580 companies
- Reported period
- Sept. 30 to Nov. 3
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What people are saying
I will not tolerate conduct that causes incidents or worsens damage by leaving known security risks unaddressed, neglecting even basic management, or relying on superficial inspections and complacent responses.