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FSS Launches Emergency On-Site Inspection After Data Leak at Shinhan Bank... "Assessing Scope of Leak"


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▲ Shinhan Bank headquarters

It was learned on October 1 that the Financial Supervisory Service (FSS) is conducting an emergency on-site inspection following a data leak incident at Shinhan Bank.

According to the financial sector and financial authorities, some information related to loan recruitment was leaked from Shinhan Bank yesterday, prompting the FSS to carry out an on-site inspection.

Some speculate that personal information may have been leaked through a credential stuffing attack technique.

Credential stuffing is a hacking method in which an attacker acquires account and password information through certain methods and indiscriminately attempts logins on other sites until successful.

However, it is reported that login authentication-based banking services were not hacked.

An official from the authorities stated, "We are currently conducting a comprehensive assessment of the nature and scale of the leaked information."

Officials from the Financial Services Commission (FSC) and the FSS plan to hold a meeting this morning to conduct an emergency review.

(Photo: Yonhap News)

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CHA JI HWAN
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