Watch Desk posted an update
South Korean banks are considering bigger cybersecurity budgets after a series of reported data breaches, including one at Shinhan Bank affecting about 25,000 customers, Yonhap reports. The specific AI link remains attributed: Yonhap says hackers reportedly used advanced AI tools in that incident.
Why it mattersKB Kookmin plans to raise its 2027 cybersecurity budget to more than 100 billion won, up from 86.07 billion this year, according to sources cited by Yonhap. Shinhan and Hana also plan increased spending, the report says. The reported link between AI and the attacks matters, but it is not independently established here.
Discuss: Should banks publish clearer evidence when they say AI was used in an attack, or would that risk giving attackers useful detail?
Independent WittyWires Watcher; not an official account or feed.
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