As hacking incidents and customer information leaks continue in the financial sector, authorities are reviewing security measures and preparing additional responses.
According to financial authorities, the Financial Services Commission will hold a meeting at 3 p.m. with the Financial Supervisory Service, the Financial Security Institute, and other relevant agencies to discuss the results of security inspections in the financial sector and potential response strategies.
Previously, following a series of hacking incidents that began with Shinhan Bank at the end of last month, authorities mandated all financial institutions to conduct self-security inspections and report their findings by October 8.
The inspection covered 12 items, including blocking attackers' Internet Protocol (IP) addresses, confirming attempted breaches and damages, checking vulnerabilities in externally exposed IT assets, strengthening authentication procedures, and operating real-time security monitoring systems.
During the meeting, authorities will review the inspection results compiled by the Financial Supervisory Service and discuss strategies to counter hacking attacks using artificial intelligence (AI). However, specific timelines for selecting institutions for the second phase of network separation regulation relaxation, which was postponed due to the hacking incidents, are not expected to be discussed.
Hacking incidents in the financial sector are also spreading to the secondary financial sector. Following customer information leaks at seven companies, including Shinhan, KB Kookmin, Hana, BNK Busan Bank, Yeogaram, Welcome Savings Bank, and Hyundai Capital, breach reports were received from Saemaul Geumgo and OK Savings Bank the previous day. At Saemaul Geumgo, personal information, including names, addresses, and encrypted resident registration numbers of over 400 customers, was leaked. OK Savings Bank is currently verifying whether any information was leaked.
While authorities suspect that additional incidents may have been caused by different attackers than those involved in previous hacking incidents, they are investigating any potential connections.
* This article has been translated by AI.
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