South Korea: President Lee believes AI has been used to hack several banks

After intrusions into Shinhan, KB Kookmin, Hana and Woori, Lee Jae Myung evokes "signs" of AI use and calls for cybersecurity adapted to this new era.

At a cabinet meeting on Tuesday, South Korean President Lee Jae Myung said AI models appeared to have been used in some of the recent cyberattacks on the country's banks. He called for the facts to be established quickly and for resources to be focused on damage control, while calling on South Korea to adopt cybersecurity methods designed for the AI era.

Shinhan Bank and KB Kookmin Bank are among the institutions that have reported attacks to the Financial Services Commission (FSC), and Yonhap reports that Hana Bank and Woori Bank have also suffered breaches that exposed customers' personal data. The police have opened a wide-ranging investigation. However, the authorities have not specified the nature of the suspected AI tools or the exact extent of the leaks.

Emergency meeting of the regulator

On Sunday, FSC President Lee Eog-weon had held an emergency meeting of professional associations, regulators and managers of the affected establishments, calling on the sector to be extremely vigilant. The case adds to other recent incidents involving AI agents, such as the intrusion into an Australian government health portal revealed in September.