South Korea's President Orders Tighter Cybersecurity After Bank Hacks

· Cybersecurity · South Korea

South Korean President Lee Jae Myung said AI appears to have been used in recent hacking attacks against commercial banks that led to a breach of customers' personal information, and called for the country to develop cybersecurity methods suited to the AI era. He ordered tighter cybersecurity measures. Police have launched a full-scale investigation into the attacks on the banks. The incidents come amid a broader wave of cybercrime concerns: Japanese authorities detained a suspected key member of a cybercrime gang and handed over a member of the 'Qilin' hacker group to Germany, while Japanese firms reported a spate of corporate website hacks, data leaks and misuse of reward points, and one cybersecurity firm saw a surge in leak inquiries.

Why it matters：Attacks apparently aided by AI on banks and corporate systems in South Korea and Japan show how quickly cybercriminals are adopting new tools, raising pressure on governments and firms to respond.

Key points

  • President Lee Jae Myung said AI appears to have been used in the bank hacks that breached customer data.
  • South Korean police opened a full-scale investigation into the attacks.
  • Japan detained a suspected cybercrime gang member and handed a 'Qilin' group member to Germany.

Sources (original reporting)

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