"data-breaches"

South Korean banks are planning to increase cybersecurity spending and personnel following AI-assisted hacking attacks that exposed customer data. Shinhan, Hana and KB Kookmin banks are strengthening security measures as authorities investigate breaches and expand the probe into cyberattacks

Cyber attacks and data breaches were placed seventh in the 2021 business risks survey.

The biggest of them perhaps came to light towards the end of the year when cybersecurity company FireEye earlier this month revealing that it became a target of hackers who accessed tools

The nation-state group was responsible for hacking the US State Department and the White House during the Barack Obama administration.

On 22 October, the company experienced an information security incident and consequently isolated the impacted IT services. This incident involved a ransom-ware attack.