Ministry of Science and ICT and KISA Activate Emergency Response System for Financial Sector Hacking Incidents

The Ministry of Science and ICT announced on October 4 that, in response to the series of hacking incidents in the financial sector, it has activated an emergency response system together with the Korea Internet & Security Agency (KISA) and is working to prevent the spread of similar incidents.

Investigations and responses to the current financial sector hacking incidents are being conducted under the leadership of the Financial Services Commission, the Financial Supervisory Service, and the Financial Security Institute.

The Ministry of Science and ICT and KISA have strengthened their response to cyber threats to prevent additional damage in the private sector. The response system of the KISA Internet Security Response Center (KISC) has been enhanced, with increased website monitoring for major corporations and additional staff assigned for incident response duties. Emergency response teams are also on standby at all times.

In addition, they have provided cyber threat information through the BohoNara platform and the Cyber Threat Analysis & Sharing System (C-TAS), advising each organization and company to strengthen their own security measures. Security inspection recommendation emails have also been sent to approximately 28,000 companies that are registered as Chief Information Security Officer (CISO) reporting entities.

For overseas attacker IP addresses identified by the Financial Security Institute, relevant threat information was provided to the respective cloud service providers with a request to take actions such as blocking malicious activity.

According to the financial authorities and the financial sector, it has been confirmed that information leaks due to hacking occurred at seven institutions: Shinhan, KB Kookmin, Hana, BNK Busan Bank, Ye-Karam Savings Bank, Welcome Savings Bank, and Hyundai Capital. The financial sector has identified that these hacks resulted from large-scale automated attacks utilizing artificial intelligence (AI) tools.

This content was produced with the assistance of AI translation services.