South Korea is investigating hundreds of financial institutions after more than 470,000 data records were leaked from 37 firms over the past month, according to the country’s financial regulator.
The Financial Services Commission (FSC) revealed the scale of the breaches on Thursday as authorities vowed to strengthen cybersecurity measures following a string of similar cases affecting the financial sector and government agencies.
The FSC detailed the incidents at a meeting with officials from financial trade associations and government agencies to review data protection systems and the capabilities of artificial intelligence in the financial sector, Yonhap News reported.
