On June 10, Lee convened a meeting focused on responses to hacking and voice phishing in the AX (AI Transformation) era, stating, "The U.S. company Anthropic's 'Mythos' can detect security vulnerabilities much faster than before and has the capability to plan and execute hacks autonomously, which has shocked the world."
He added, "The government is accelerating various policy responses under the belief that AI attacks should be defended with AI," and announced plans to swiftly allow exceptions to network separation regulations for vulnerability assessments using AI for security purposes. He also mentioned that the government aims to quickly disseminate confirmed response guidelines across the financial sector.
The meeting included attendees such as Cho Yong-byeong, chairman of the Korea Banking Association; Jin Ok-dong, chairman of Shinhan Financial Group; Ham Young-joo, chairman of Hana Financial Group; Lee Chan-woo, chairman of NongHyup Financial Group; Lim Jong-ryong, chairman of Woori Financial Group; Lee Hwan-joo, president of KB Kookmin Bank; and Lee Se-hoon, vice chairman of the Financial Supervisory Service. With the threat of Mythos to the financial sector becoming apparent, it seems that public and private sectors are hastening their cooperation to respond.
The Financial Services Commission identified two key challenges for the financial sector in the AI transformation era: the security breach threats from frontier AI and phishing crimes utilizing advanced AI technology.
The commission is rapidly advancing emergency measures to relax network separation regulations for vulnerability assessments using AI for security purposes. Additionally, it is working to implement a plan to fully lift network separation regulations for financial companies with advanced AI and security capabilities within the year.
The five major financial groups are responding to new digital threats posed by AI. Specifically, they are implementing various measures, including the introduction of AI-based security monitoring and simulated hacking solutions, as well as establishing dedicated security teams (red teams) within their organizations. To combat voice phishing, they are also participating in ASAP and sharing information on suspicious transactions among subsidiaries, building AI-based intelligent FDS systems, and launching compensation insurance for voice phishing victims.
At the bank level, responses are being strengthened as well. KB Kookmin Bank has established a 'Financial Fraud Prevention Unit' under its Consumer Protection Group to focus on addressing financial scams, including voice phishing. Shinhan Bank has set up a system to share fraud account information with its securities and card affiliates, while Woori Bank is recruiting police and investigative experts.
* This article has been translated by AI.
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