South Korean president orders probe into data leaks across financial industry https://t.co/nPxvOi03bO https://t.co/nPxvOi03bO

President Lee Jae Myung has directed authorities to investigate a series of data breaches affecting institutions across the financial sector, raising fresh concerns about the protection of sensitive customer information. The inquiry will examine how personal and account data were accessed, whether companies followed required security procedures, and who may be responsible for the leaks. Officials are expected to review the conduct of banks, insurers, card companies and other financial firms. The government has also signaled that institutions found to have neglected cybersecurity obligations could face penalties. The investigation comes as South Korea confronts increasingly sophisticated cyberattacks targeting both public and private networks. Authorities are expected to coordinate with financial regulators and law enforcement agencies as they assess the scale of the exposure and potential harm to customers. The president’s order underscores mounting pressure on financial companies to strengthen safeguards, improve breach reporting and respond more quickly when sensitive information is compromised.