🇦🇺 English, 10 October 2026, bank cybersecurity
South Korean Banks to Boost Cybersecurity Spending After AI-Linked Hacking Incidents
South Korean banks plan to increase cybersecurity spending and personnel after AI-assisted hacking attacks exposed customer data.
Shinhan, Hana, and KB Kookmin banks are strengthening security measures in response to AI-linked hacking attacks.
KB Kookmin Bank plans to increase its cybersecurity budget to over 100 billion won in 2027, up from 86.07 billion won this year.
The banks also plan to increase their cybersecurity personnel next year, following President Lee Jae Myung’s call for a thorough investigation into the attacks.