Cyberattacks on Korean state banks top one million
Attacks on the Bank of Korea and state-run lenders have risen threefold since 2020, prompting a lawmaker to call for stronger defenses against AI-powered threats.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Korean state-run banks and the Bank of Korea face more than a million cyberattacks in a single year. The yearly count has grown threefold since 2020, and a lawmaker is calling for stronger digital protection against threats powered by artificial intelligence. Recent data breaches at major banks have also weighed on customer confidence, and deposits are falling.
Why it matters
Customer confidence and deposits at major Korean banks are under pressure after the breaches. Banks are racing to strengthen their AI-based defenses.
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