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Financial Security Institute

South Korean body that oversees information security and cyber defence across the financial sector.

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Current stories

invest1 publisherOne report

Hackers took data on 25,000 Shinhan customers through a site built for loan recruiters

South Korea's financial regulator gave lenders until Thursday to check every internet-facing system after hackers breached at least seven banks. Attackers entered through tools built for loan recruiters and staff, so the repair falls on how much credit data banks let outsiders see.

Publishers:americanbanker.com

Reality

Evidence60
Adoption
Insufficient
Hype gap+20
Incentives
Insufficient
Confidence55
invest4 publishersConfirmed

Shinhan Bank's 25,000-customer breach ran through a loan-broker inquiry portal

Shinhan Bank exposed data on about 25,000 customers through a loan-broker inquiry platform kept apart from its core banking systems. Yonhap reports AI may have automated the credential stuffing, so the side systems that touch customer data are where lenders' security spending now gets tested.

Publishers:cryptobriefing.comen.sedaily.comen.yna.co.krqz.com

Perspective Coverage

4 publishers
Builder
Builder 24%
Operator
Operator 49%
Investor
Investor 27%

Reality

Evidence62
Adoption
Insufficient
Hype gap+25
Incentives50
Confidence60
invest1 publisherOne report

Korea's regulator widens its AI security exemption to about 15 more financial firms

Korea's Financial Services Commission is due on the 7th to name about 15 more financial firms exempt from network separation rules, after a first round of 10. Network separation rules are what stop lenders running AI security tools, so the list decides who can use AI against AI-driven hacking.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption
Insufficient
Hype gap+25
Incentives60
Confidence50