Cyber attack shock to financial companies in the country! '750 thousand dollars of funds were stolen'
The South Korean Financial Services Commission announced that approximately 750 thousand dollars worth of funds were lost in the attacks on 37 companies.
Quick Look
- In the cyber attacks on 37 financial companies in South Korea between September 30 and November 3, 473 thousand personal data were stolen and 750 thousand dollars of funds were lost.
- Authorities announced that harsh sanctions will be imposed against security negligence.
AI-generated summary
Why It Matters
In South Korea, 40 cyber attacks were carried out against 37 financial companies between September 30 and November 3.
While the repercussions of the cyber attack on Binance, the world's largest cryptocurrency exchange, continue, a similar development took place in South Korea.
'473 THOUSAND PERSONAL DATA WAS STOLEN'
In the written statement made by the South Korean Financial Services Commission (FSC), it was reported that 40 cyber attacks were carried out on 37 companies operating in the financial sector between September 30 and November 3. It was stated in the statement that 473 thousand personal data were illegally seized as a result of these attacks, and that "The stolen data mostly includes employee information and customers' names, ID numbers and account numbers. So far, no cases of customers' account passwords being stolen have been reported."
'750 THOUSAND DOLLARS LOST'
In the statement, it was noted that the money stolen as a result of cyber attacks came out of the management accounts of some small-scale finance and crypto asset companies and that individual users did not suffer any loss of funds, and said, "So far, a total loss of funds of approximately 1 billion won (approximately 750 thousand dollars) has been reported."
It was emphasized that the FSC, together with the Financial Supervisory Service (FSS), will make all necessary efforts to protect consumers and carefully supervise the affected companies.
'SAFETY NEGLIGENCE WILL NOT BE TOLERATED'
FSC President Lee Eog-weon, in his statement at a meeting where the measures to be taken against the increasing cyber attack threats originating from artificial intelligence were discussed, emphasized that negligence that may lead to security vulnerabilities will not be tolerated. "In cases of serious management lapses or negligence in intervention, we will hold companies' management staff, including the CEO, strictly responsible in accordance with relevant laws and regulations," Lee said.
Lee added that the cyber attacks should be considered as an important warning to eliminate security vulnerabilities.
Open Questions
- Who is the group or actors behind the attacks?
- What are the names of the 37 companies affected?
