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[BUSINESS] · South Korea · 11 sources

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South Korean banks hit by series of hacking attacks and data breaches

A series of coordinated hacking attacks has targeted several major South Korean banks, resulting in the leak of customer personal information. Shinhan Bank reported that approximately 25,000 customers had their data compromised, including names, phone numbers, and loan-related details such as annual income and credit limits. KB Kookmin Bank confirmed a leak affecting roughly 119 customers, while Hana Bank reported 89 victims, and BNK Busan Bank saw the information of 11 outsourced employees exposed.

Security experts suggest the attackers may have utilized AI-driven automated tools, such as the Chinese-developed ARTEX AI, to identify vulnerabilities. Rather than targeting core banking systems, the breaches focused on secondary channels like loan recruitment services, employee mobile support systems, and sales support platforms, which often have less stringent authentication protocols.

The Financial Services Commission has convened emergency meetings, ordering banks and credit card companies to conduct comprehensive security audits of all externally exposed IT assets and authentication processes. The National Police Agency has also launched an investigation into the incidents. Both Shinhan and KB Kookmin Bank have pledged to provide full compensation to customers if actual damages are confirmed.

Entities

ARTEX AI · Financial Services Commission · Financial Supervisory Service · Hana Bank · KB Kookmin Bank · Shinhan Bank

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