( July 10, 2026, 02:49 GMT | Official Statement) -- MLex Summary: The head of South Korea’s top financial regulator on Friday vowed to expedite efforts to strengthen the framework for helping the local financial industry better combat cyberthreats, which are evolving rapidly in the artificial intelligence era. Just as attackers use AI to identify vulnerabilities and establish attack paths, “we too must use AI to detect signs of anomalies more quickly, identify vulnerabilities and respond immediately,” Lee Eog-weon, chairman of the Financial Services Commission, said in a speech at an event. Lee said the government will do its best to secure parliamentary approval of revisions to the Electronic Financial Transactions Act and a proposed new law on financial cybersecurity as early as possible.The speech text is attached (in Korean)....
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