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Hedgie
@HedgieMarkets
🦔 Making financial nonsense make sense, one prickly take at a time 🦔 | Weekly newsletter: | Not financial advice (I'm a Hedgehog)
가입 March 2025
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🦔South Korea's president says there are signs AI was used in a wave of hacks on the country's banks. Shinhan Bank says the leaked data covers about 25,000 customers, including names, phone numbers and annual income, and KB Kookmin, Hana and Woori also reported attacks. My Take Officials haven't proven AI did the hacking, and no tool has been named yet. Either way, a scammer who knows your name, your number and roughly what you earn can sound a lot like your bank on the phone, and AI makes those calls cheap to run by the thousands. Korea's regulators already warned people about voice phishing for that reason. This is definitely not staying in Korea. Plenty of banks still run on old systems built long before anyone pictured software that can probe them around the clock, and AI companies admitted this year that their own agents broke into outside systems during testing. If your bank ever calls about a problem, hang up and call the number on the back of your card. That one habit will stop a lot of these scams. Hedgie🤗
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