Shinhan Bank is a South Korean bank. Recent coverage has focused on security: data on about 25,000 customers, including names, phone numbers and annual incomes, was stolen in an AI-driven attack, and a Financial Security Service test found AI code-scanning tools used by ten Korean financial firms, including Shinhan, wrongly flagged 40-60% of normal code as vulnerabilities.
Korean financial firms' AI security tools show 40-60% false positivesA Financial Security Service test on ten Korean financial firms including Shinhan, Hana and Woori found AI code-scanning tools wrongly flagged 40-60% of normal code as vulnerabilities, largely because AI analyzed only parts of code without understanding overall data flow. Human review is still needed.
Korea's AI-driven cyberattacks expose blind spotSeven Korean financial institutions suffered AI agent-driven cyberattacks; Shinhan Bank had data on about 25,000 customers, including names, phone numbers and annual incomes, stolen. The Financial Security Institute found the hacker used AI, highlighting Korea's lack of readiness for such threats.
Korean banks hit by AI hacking, password reuse risk risesMajor and regional South Korean banks have suffered intrusions: about 25,000 people's credit data leaked at Shinhan Bank, plus 119 customers at KB Kookmin Bank and 89 at Hana Bank. Security experts suspect AI automation enabled broad vulnerability scanning and warn that AI is accelerating credential stuffing, urging unique passwords per site.
The A.I. Daily