Key facts
- The Financial Services Commission will hold an emergency meeting with heads of financial firms affected by hacking attacks.
- The meeting is scheduled for Sunday afternoon.
- Chairman Lee Eog-weon will preside over the meeting.
South Korea's Financial Services Commission will hold an emergency meeting with leaders of financial firms that have recently experienced data breaches due to hacking attacks. The meeting, scheduled for Sunday afternoon, will focus on response strategies.
The series of hacking attacks and subsequent information leaks at major South Korean financial institutions raises significant concerns about data security and consumer protection within the country's financial sector. The regulator's emergency meeting signals a high level of concern and an effort to coordinate a robust response to mitigate further damage and restore confidence.
SEOUL, Oct. 3 (Yonhap) -- South Korea's financial regulator is convening an emergency meeting with the chief executives of several banks and financial institutions that have recently been victims of hacking attacks leading to information leaks. The meeting, scheduled for Sunday afternoon, will be presided over by Financial Services Commission Chairman Lee Eog-weon and will focus on devising response strategies to the escalating cyber threats.
The urgency for the meeting stems from a series of back-to-back data breaches affecting prominent financial firms, including Hana Bank, KB Kookmin Bank, and Shinhan Bank. The Financial Services Commission had initially planned this meeting for Wednesday but decided to advance it to Sunday as the scope of the cyberattacks widened to include more institutions over the past few days.
One of the reported incidents involved the leak of approximately 25,000 customers' information from Shinhan Bank, with sources suggesting the attack may have been assisted by AI agents. Another incident at Hana Bank resulted in the leakage of personal information from 89 customers.
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