Add as a preferred source on GoogleSouth Korea Plans More Frequent Cybersecurity Checks After 16 Breaches
About 100,000 pieces of customer data were exposed, while a sectorwide checklist flagged security deficiencies at 130 of 555 financial companies.
South Korea plans more frequent cybersecurity testing across its financial sector after 16 incidents exposed about 100,000 pieces of customer data and a separate review flagged gaps at 130 of 555 firms.
The Financial Services Commission (FSC), South Korea’s financial regulator, plans to make vulnerability testing more frequent and regular. It is also considering expanding cybersecurity management support for small and midsize firms to help them address risks driven by artificial intelligence.
The exposed information included names, contact details, resident registration numbers and email addresses. No reported incident involved exposed account passwords or credit card numbers.
The FSC is examining whether the incidents were connected, involved the same attackers or used artificial intelligence. Earlier AI-assisted attacks on South Korean banks involved the ARTEX tool.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.