South Korea bank hacks: The hidden third-party risk AI could make worse | Decoded

A wave of cyberattacks on South Korean financial institutions is raising a new question for banks around the world: could artificial intelligence make sophisticated cyberattacks faster, cheaper and easier to replicate? More than 68,000 people have been affected by recent breaches in South Korea, with President Lee Jae Myung warning that AI may have been used in some of the attacks.

“There are signs that artificial intelligence was used in some hacking attacks, causing considerable concern and anxiety among the public,” Lee told a cabinet meeting on Tuesday.