South Korea has identified hacking incidents at 16 financial firms, with approximately 100,000 cases of data leaks reported so far, according to the country’s financial regulator.
The Financial Services Commission (FSC) said on Wednesday that financial authorities were conducting an in-depth investigation into the methods used in the attacks to determine whether artificial intelligence (AI) was involved.
The findings have raised concerns about cybersecurity vulnerabilities within the country’s financial sector, particularly as financial institutions face increasingly sophisticated digital threats. Data leaks can expose sensitive information and increase the risk of fraud, identity theft and other forms of cybercrime.
In response, the FSC said it would carry out security inspections at financial firms and develop measures to improve the early detection of hacking threats. Authorities also plan to strengthen coordination among institutions to support a more effective joint response to cyber incidents.
The investigation highlights the growing importance of cybersecurity in financial services, as regulators seek to protect customer information, strengthen digital infrastructure and ensure confidence in the financial system.
South Korean authorities have not yet confirmed whether AI was used in the hacking incidents, with investigations into the methods and potential technologies involved still ongoing.
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