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Hundreds of cyberattacks per day target South Korean banks

According to Yonhap News Agency, a recent FSC report revealed that 17 banks in South Korea had been the target of 1,091,606 cyberattacks over the last two years, averaging 598 attacks per day, at least a third of which came from China.

As stated in the report, the FSC data only covers retail banks. By including savings banks, insurance companies, and other financial institutions, the number of cyberattacks would be even higher.

The FSC data shows that 82.2 percent of cyberattacks originate from foreign IP addresses, of which 34.7 percent are originating from China and 11.2 percent from the United States. Other countries included India, France, and others.

Cyberattacks have grown in number, though there haven't been any breaches yet, Kang said. Just one cyber breach can result in serious financial losses.

22 Feb 2022


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