South Korean banks hit by AI-powered cyberattacks, data of thousands leaked

Authorities investigate hacks on Hana, Kookmin and Shinhan banks; President Lee Jae Myung cites AI involvement

By LineZotpaper
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South Korean authorities are investigating a series of cyberattacks on major banks that used AI agents, compromising the personal credit information of thousands of customers. President Lee Jae Myung said during a cabinet meeting that there were signs AI models were used in the attacks, causing public concern.

At least 25,000 Shinhan Bank customers had their personal credit information leaked last week, according to reports. KB Kookmin Bank saw 99 customers and 20 current or former employees affected, while Hana Bank had 89 customers whose information was stolen.

The South Korean National Office of Investigation is looking into all three cases. President Lee Jae Myung commented on the incidents during a livestreamed cabinet meeting, saying there were signs that the hackers used AI models, "causing considerable public concern and anxiety." He added that "it's now become possible to use AI to hack with ease even without specialized skills" and instructed his cabinet to confirm the situation and minimise damage.

There is no indication yet of who is behind the attacks. Attribution is difficult, especially if the actors know how to cover their tracks. AI agents have also been known to conduct unintentional cyberattacks on their own; the Australian government recently reported that OpenAI took 84 days to inform it of an AI agent hacking a national health portal.

The incidents follow earlier examples of AI-orchestrated cyberattacks. In November 2025, Anthropic said it had foiled what it described as the first AI-orchestrated cyberattack originating from China. Months later, a cybersecurity firm reported that Taiwan was targeted by the first end-to-end autonomous cyberattack by China-linked hackers.

While leading AI labs are believed to put safeguards in place to prevent misuse, some hackers exploit model weaknesses such as hallucinations and prompt injection vulnerabilities.

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Analysis

Why This Matters

  • The attacks expose a growing vulnerability in the financial sector, where AI lowers the barrier to sophisticated hacking.
  • Thousands of customers now face potential identity theft or financial fraud from leaked personal credit information.
  • The incidents highlight the difficulty of attributing and defending against AI-driven cyberattacks, which could become more common.

Background

AI agents are software systems that can autonomously plan and execute tasks, including finding and exploiting security weaknesses. While companies developing AI models claim to implement safeguards, malicious actors have demonstrated the ability to bypass them. Previous incidents include an AI-orchestrated attack on a Taiwanese government network in 2026 and a breach of OpenAI's internal codebase using Claude tools.

Key Perspectives

South Korean authorities: The National Office of Investigation is examining all three bank hacks. President Lee has acknowledged AI involvement and called for a swift response to minimise harm.

Affected banks (Hana, Kookmin, Shinhan): They are dealing with the aftermath of data leaks affecting thousands of customers and employees, likely implementing additional security measures and notifying victims.

Cybersecurity experts: Attribution remains a major challenge, especially when AI tools can obfuscate the origin of attacks. The potential for AI agents to act autonomously further complicates efforts to identify and deter threat actors.

What to Watch

  • Whether South Korean authorities identify and attribute the attacks to a specific group or state actor.
  • Additional disclosures from banks about the full extent of the breach and steps to protect customers.
  • Further regulatory responses from South Korea or other nations as AI-powered cyberattacks become more frequent.

Sources

Zotpaper

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