Banks mull higher cybersecurity spending after AI-linked hacking incidents: sources

South Korean banks including Shinhan, Hana, and KB Kookmin are planning to boost cybersecurity budgets and staff after AI-assisted hacking incidents exposed customer data. KB Kookmin will raise its cybersecurity budget to over $74 million in 2027, while other banks also plan significant investments. The Financial Supervisory Service is investigating IP addresses linked to the attacks across 12 countries.