FSC chairman Lee Eok-won told Korean financial firms they will be held strictly accountable under law if the hacks that hit six lenders happen again. The threat covers future breaches, so for the firms already hit the cost so far is five requests, including security checks and customer compensation.
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+25
- Incentives
- Insufficient
- Confidence55
Korean regulators sent security orders to about 500 financial firms after the same attacker IP turned up in breaches at seven lenders. Almost every firm doing the emergency reviews has no reported breach, so the cost is shared across the sector.
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence50
South Korea's Financial Services Commission will block outside access to staff and loan-broker web pages by default after leaks at six firms. Every page a firm keeps reachable now has to be justified as indispensable to services or work.
Reality
- Evidence40
- Adoption
- Insufficient
- Hype gap+10
- Incentives
- Insufficient
- Confidence50
President Lee Jae-myung ordered a full probe of hacks that exposed data at four Korean banks, including about 25,000 Shinhan Bank customers. The response runs through every financial industry association before the probe has shown whether the banks share a weak point.
Perspective Coverage
3 publishers
- Builder
- Builder 20%
- Operator
- Operator 57%
- Investor
- Investor 23%
Reality
- Evidence60
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence62
Korea's community credit cooperative federation blocked access from the IP address behind the Shinhan Bank leak as attacks reached a fourth financial sector. The main way in so far has been services built for loan brokers and employees, set apart from the systems that process transactions.
Reality
- Evidence42
- Adoption
- Insufficient
- Hype gap0
- Incentives
- Insufficient
- Confidence45