South Korea's Financial Services Commission will hold a financial security meeting on November 5, involving banks and crypto asset exchanges.

on November 1, according to South Korea's News1, Lee Eok-won, Chairman of the Korean Financial Committee, will hold a meeting on November 5 to address AI security threats in the financial industry, convening the CEOs of South Korea's five major commercial banks, heads of major financial industry associations, and representatives of the Digital Asset Exchange Association (DAXA) to jointly discuss countermeasures against hacker attacks and AI security risks within the sector.

The meeting will prioritize discussions on preventing AI-driven cyberattacks, detecting and responding to AI voice phishing, and building a next-generation cybersecurity infrastructure, alongside a review of previously mandated security enhancement measures for financial institutions.

According to the report, South Korea has recently faced consecutive cybersecurity breaches targeting financial institutions, with the number of affected organizations rising to 20 across the banking, securities, insurance, and digital asset industries. Three virtual asset service providers, including Bithumb and Streami, have been added to the list of impacted entities.