South Korean president orders probe into data leaks across financial industry
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓South Korean President Lee Jae Myung ordered a probe into data leaks at banks and public agencies on Sunday.
- ✓Financial regulators started emergency meetings after Shinhan Bank and others reported cyberattacks.
- ✓Officials said, "AI attacks defended by AI," is needed.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
SEOUL, - South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul's presidential office said on Sunday.
• Financial Services Commission Chairman Lee Eog-weon convened an emergency meeting with financial industry associations, regulators and executives from affected institutions on Sunday, warning that the sector must respond with the highest level of vigilance, the FSC said in a statement.
• The FSC's Lee said authorities could not rule out the possibility that artificial intelligence was used in the attacks and called for an "AI attacks defended by AI" approach, while also signalling broader upgrades to the financial sector's cybersecurity framework.
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