South Korea investigates possible AI use in bank cyberattacks

President Lee Jae Myung ordered officials to determine whether AI was used in bank hacks that exposed customer data. Authorities have not said which tools may have been involved or disclosed the full scale of the breaches.

South Korean President Lee Jae Myung has called for a swift investigation into whether artificial intelligence was used in recent cyberattacks on banks. At a cabinet meeting on Tuesday, he said signs of AI use had emerged in some incidents and urged officials to focus resources on limiting the damage.

Police are investigating attacks that exposed customers’ personal information, Yonhap reported. Shinhan Bank, KB Kookmin Bank and other institutions reported cyberattacks; Yonhap also reported breaches at Hana Bank and Woori Bank. Authorities have not identified the AI tools that may have been used or disclosed the full scale of the incidents.

On Sunday, Financial Services Commission chairman Lee Eog-weon held an emergency meeting with industry representatives and regulators. The Financial Supervisory Service and the Financial Security Institute shared information on 28 unique IP addresses and some countries linked to the attempts with the financial sector.

The suspected use of AI remains under investigation. Authorities have not announced final findings on AI’s role or the total damage.